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Paris, 19 January 2006 - Gaz de France has announced that it is bringing four gas fields on stream in the Dutch North Sea, through its subsidiary, GDF Production Nederland BV (ProNed). The fields are located North of Terschelling in blocks G14, G16a and G17a. This production will be added to that of block K2, north-west of Den Helder, which came on stream in December 2005.
ProNed estimates total reserves of the five fields at 18 billion cubic metres of natural gas, ProNed's share amounting to 8 billion cubic metres. Approximately 12.8 billion cubic metres has been purchased and will be brought to the market by Gaz de France.
Maximum production capacity for the five fields is estimated at 7.2 million cubic metres per day, which includes 3.6 million cubic metres per day for ProNed.
The gas fields in the K2, G16a and G17a blocks were developed by ProNed in partnership with Energie Beheer Nederland BV.
DSM Energie BV, the Nederlandse Aardolie Maatschappij BV, as well as Energie Beheer Nederland BV participated in the development of the two fields in the G14 block.
The project began in 2004 with the discovery and acquisition of the fields by Gaz de France, and consisted of the relocation of two existing platforms and one sub-sea completion, the construction of two new platforms and the laying of 46-km offshore gas pipeline. Total investment in the project is over €300 million, of which €164 million for Gaz de France.
This operation enables Gaz de France to double its production capacity in the Netherlands on a medium-term, where it is already present through its subsidiary ProNed, one of the top four Dutch producers, acquired in 2000.
This allows Gaz de France to increase its reserves and strengthens its exploration and production activities, conducted in the eight countries that supply Europe with natural gas. In 2004, Gaz de France's production capacity totalled 5.2 billion cubic metres of natural gas.
This development is part of Gaz de France's strategy to increase its portfolio diversity and helps to secure Group supplies. It also contributes to its medium-term target of producing gas in quantities equivalent to 15% of its direct sales.
\"This press release contains forward-looking statements based on estimates and forecasts of Gaz de France's management. Readers are informed that such statements, made as of data available today, are subject to risk and uncertainty factors. Therefore, actual results or events may differ from such forward-looking information and statements, which readers shall not consider as certain. Please not that Gaz de France disclaims any obligation to update the forward-looking information contained in this press release.”
Press Contact: Contact for investors:
Sabine Wacquez – Tel.: 33-1 47 54 24 35 Charles L. Ranunkel – Tel.: 33-1 47 54 79 04
Email: sabine.wacquez@gazdefrance.com Email: GDF-IR-TEAM@gazdefrance.com
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General information:
Group profile:
. Listed on the Paris Stock Exchange, the Group joined the CAC 40 share index on September 1, 2005, and the Dow Jones Stoxx 600 on September 19, 2005.
. In 2004, Gaz de France recorded net sales of €18.3 billion. In the first half of 2005, Gaz de France generated net sales of €11.1 billion.
. The Group has more than 45,000 employees.
In Europe, at December 31, 2004, Gaz de France represented:
. The largest natural gas transmission network with more than 30,000 kilometres of gas mains in France,
. The 2nd largest supplier as far as its portfolio of end customers is concerned, boasting a total of approximately 12.3 million customers (industrial and residential customers), including nearly 10.9 million in France,
. The 2nd largest distribution network, with approximately 175,000 kilometres of transmission pipelines covering 76% of the French population,
· The 2nd largest operator of regasification terminals with total capacity in the region of 17 billion m3,
· The 2nd largest operator of storage infrastructures with a capacity of some 9 billion m3,
· The 3rd largest buyer of natural gas,
. A company doing business in more than 30 different countries.
2007 Annual Report
2007 Registration document
2007 Sustainable Development Report
Gaz de France and Sustainable Development in 2007
Communication on progress 2006