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GDF Suez Scheduled to Ship Yemen LNG to South Korea

(Corrects to show cargo was not destined for India in first paragraph of story published April 18. Removes extraneous fifth paragraph.)

GDF Suez SA (GSZ) was scheduled to ship a Yemeni cargo of liquefied natural gas to South Korea, according to ship tracking data.

The BW GDF Suez Paris, with a capacity of 162,524 cubic meters, was scheduled to sail to Incheon in South Korea, according to ship transmissions captured by IHS Fairplay on Bloomberg. The tanker loaded the supercooled natural gas at Yemen LNG’s Balhaf facility and departed April 10.

The vessel was scheduled to arrive May 5 at Korea Gas Corp.’s (036460) Incheon receiving facility in the northwest of South Korea. It was located off Singapore as of April 20.

A GDF Suez Trading official in Singapore and a Kogas official near Seoul didn’t respond to calls to their desk phones and e-mails seeking comment.

GDF Suez, Europe’s biggest utility by market value, has a contract to supply Kogas, the world’s largest buyer of LNG by volume, with 720,000 metric tons of LNG annually from 2010 to 2013.

To contact the reporter on this story: Chou Hui Hong in Singapore at chong43@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net

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