By RODRIGO ORIHUELA & LUCIA BALDOMIR
PARIS (Bloomberg) -- GDF Suez has agreed to
operate a floating liquefied natural
gas import terminal in Uruguay.
The platform, which will be the South American nations
first, is scheduled to start operating in 2015 and GDF will
operate it for the Uruguay government, according to a statement
from GDF Suez. The plant will have a storage capacity of
263,000 cubic meters of gas, and will be built by Mitsui
The tender process for the LNG
plant started last year, as Uruguay, which doesnt produce
oil or gas, seeks to cut its dependency on gas shipments from
Uruguay has started opening tenders for offshore oil exploration in 2010, with companies
including Petroleo Brasileiro, YPF and Galp Energia SGPS
winning exploration licenses. Total, BG
Group, Tullow Oil and BP Group were awarded contracts last year
in a second tender.
Signing the agreement with GDF is a landmark in
Uruguays energy strategy as it will allow to reduce
energy costs and vulnerabilities, Industry Minister
Roberto Kreimerman told reporters in Montevideo.