Engie has announced that it has been awarded a contract to supply approximately 900million m3 of LNG to meet the downstream requirements of Beijing Gas Group (BGG). The contract award follows a tender process launched by BGG to secure its winter gas needs for Beijing, China.
Engie will deliver 10 cargoes of LNG to BGG over the period November 2016 through February 2017. BGG shall receive the LNG volumes into Caofeidian terminal, in Northern China, where it will be stored, regasified and transported into Beijing’s gas network. LNG deliveries will notably involve floating storage in order to manage the winter peak shaving and flexibility needs of BGG.
Philip Olivier, CEO of Engie Global LNG Business Unit, said: “This new agreement between Engie and BGG shows the fruitfulness of the relationship that both companies have built over the last years. We are confident that our cooperation will contribute to cover China’s growing energy needs.”
Jean-Marc Guyot, CEO of Engie China Business Unit, added: “ENGIE and Beijing Enterprises Group - the mother company of BGG - have signed in 2015 a strategic partnership in different domains (training, infrastructures, energy efficiency, LNG). This new agreement is a significant step forward for Beijing City and Hebei province by ensuring reliable gas supply to customers in the winter period while reducing environmental impact.”
Edited from press release by Callum O'Reilly
Read the article online at: https://www.lngindustry.com/regasification/27092016/engie-to-supply-lng-to-beijing-3099/