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In the early 2000s Suez also owned some media and telecommunications assets, but later divested them. According to the Masons Water Yearbook 2004/5, Suez served 117.4 million people around the world. The company conducted a merger of equals with fellow utility company Gaz de France on 22 July 2008 to form GDF Suez [2] (called Engie since 2015).
20 January 2011, GDF Suez, Iberdrola and RWE pulled out of the project, following ČEZ which had already left in 2010, citing "Economic and market-related uncertainties surrounding this project, related for the most part to the present financial crisis, are not reconcilable now with the capital requirements of a new nuclear power project". [7]
On 2 September 2007 the boards of directors of Gaz de France and Suez approved the new framework for the planned merger between the companies. The newly created company, GDF Suez, came into existence on 22 July 2008; the world's second-largest utility and a group of €74 billion of revenues. [13]
The company also owns a 50% stake in the Arad–Szeged pipeline, a natural gas pipeline from Arad in Romania to Szeged in Hungary, with a length of 109 km (68 mi) and a transport capacity of 4.4 billion cubic meters (0.15 Tcf) per year, [24] a 16.67% stake in the Nabucco pipeline, a natural gas pipeline from Erzurum in Turkey to Baumgarten an ...
20 January 2011, GDF Suez, Iberdrola and RWE pulled out of the project, following ČEZ which had already left in 2010, citing "Economic and market-related uncertainties surrounding this project, related for the most part to the present financial crisis, are not reconcilable now with the capital requirements of a new nuclear power project". [17]
In October 2009, GDF Suez placed 6th in an A.T. Kearney/BusinessWeek ranking of the "World's Best Companies", the highest-placed European firm. [21] On August 10, 2010, the company announced a merger of its GDF SUEZ Energy International business unit, along with its operations within the United Kingdom and Turkey, with International Power.
“European cities are the most advanced in terms of the transition to new energies”, Denis Simonneau, Head of International and European Relations at GDF SUEZ. [ 1 ] The EU-DEEP project, developed by eight different European energy companies, was designed so that most of the technical and non-technical issues which halt a massive deployment ...