Introduction
Owned by the French government, Gaz de France (GdF) dominates all Natural Gas activities in the country. Prior to recent reforms (see below), GdF had a legal monopoly on the production, distribution, transportation, and importation of natural gas in the country. In recent years, EU directives have forced member countries to open their natural gas sectors to foreign investors, and GdF has taken advantage of this openness to enter the domestic natural gas markets of other EU countries. As a result, almost one-third of GdF's 15 million customers are outside France. However, because France has been one of the slowest EU countries to open its own markets, there has been some backlash to GdF's foreign ventures, especially from the governments of Italy and Spain.
Gaz de France Profile
An integrated energy utility, present throughout the gas supply chain from exploration and production to customer services, pursuing its growth in Europe.
As Europe's regulatory framework is going through a profound change and energy markets are opening up to competition, Gaz de France has decided to operate as an integrated energy utility, present throughout the gas supply chain from exploration and production to customer services, and to pursue its growth in Europe.
This choice, which is compatible with the new market development conditions, will allow the Group to implement its strategy while complying with European directives.
Gaz de France offers multi-energy packages, and a large gamut of associated services (activities described in �Energy Supply and Services�), while managing and developing its natural gas transmission, storage and distribution infrastructures (activities described in �Infrastructures�).
Committed to sustainable development, Gaz de France is seeking to achieve corporate growth while maintaining its commitment to public service
Gaz de France Key Data
The Group's consolidated net sales totalled 18.13 billion euros, up 8.9% from 2003.
International business accounted for 29% of the Group's total net sales.
Net income Group share reached 1046 millions euros.
Total investements amounted to 1,76 billion euros.
Gaz sales amounted to 66.4 billion cubic meters.
The Group employed a workforce of 38 251 people.
0 Comments:
