GDF Suez eyeing German assets of Exxon and Shell
The French energy group GDF Suez is interested in acquiring sites for storing gas sold by Exxon Mobil and Shell and recovered approximately one billion euros, Le Figaro reported Saturday.
Citing a source close to GDF Suez, the daily wrote that the French group is competing in this issue with the infrastructure management subsidiaries of Deutsche Bank, Axa and Prudential.
GDF Suez declined to comment, saying it fails to confirm or invalidate this information.
Shell and Exxon have sold their joint ventures German gas storage BEB Erdgas and Erdoel last June.
While GDF Suez already has 600 million cubic feet of storage in Germany, the company chaired by Gerard Mestrallet will see its capacity increased to approximately 1.5 billion cubic meters if she can buy the two sites Uelsen Harsefeld and north-west of the country, "said Le Figaro.
Germany is the third market of the French group in terms of gas supply.
The source quoted by the newspaper also reported that GDF Suez continued interest in the Polish energy market and remained in contention for the redemption of Enea, the third power in Poland.