ENGIE signs major agreements with two Chinese companies

ENGIE has announced that it has signed two major agreements with China Huaneng Group and Beijing Enterprises Group. The agreements were signed in Beijing in the presence both French and Chinese heads of state.

The statement released by ENGIE states that: “Both agreements express the ambition of ENGIE to pursue its growth through partnerships and cooperation activities with key Chinese partners, not only in China, but also abroad.”

ENGIE and China Huaneng both wish to expand their cooperation, including investment in – and development of – LNG infrastructure and LNG supply. In addition to this, both parties wish to further develop renewable energy, as well as technological and scientific cooperation on advanced power technologies, with the aim of reducing emissions and saving energy.

ENGIE and Beijing Enterprises Group wish to develop a green supply of energy and its efficient management for the 2022 Winter Olympic Games in China. In addition to this, they wish to provide energy infrastructure and services to the ‘capital circle’ region. By way of this new agreement, both ENGIE and Beijing Enterprises Group aim to expand their LNG supply activities and to develop energy projects in third party countries as part of a joint effort.

“These signings underscore ENGIE’s ambition to pursue its development in China, leveraging on our strong positions in independent power production, gas value chain and energy services.” said Gérard Mestrallet. “We look forward to working closely with key Chinese partners, enhancing industrial cooperation and sharing business practices and lessons of experience in the industry, to address in a stronger way the challenges of the energy transition the world is facing.”

Edited from press release by David Rowlands

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/03112015/engie-signs-major-agreements-with-two-chinese-companies-1562/