French energy distribution company Engie (formerly GDF Suez) and Beijing Enterprise Group (BEG) have used the recent official visit of China’s Prime Minister Li Keqiang to France to sign an agreement for two shipments of liquefied natural gas to Beijing City.
Engie will provide BEG with two LNG carriers to meet Beijing City’s natural gas needs in winter.
The first delivery will be in November 2015, and the second in January 2016.
Engie and BEG are also willing to co-invest and co-operate on energy projects in China, as well as identify and jointly develop natural gas liquefaction projects in third party countries.
The latest LNG supply contract and the agreement to expand co-operation is the consolidation of the two companies’ bilateral cooperation agreements signed in 2014 and 2015.