On the occasion of the visit of a high Chinese delegation to France, Gérard Mestrallet, Chairman and CEO of GDF SUEZ, signed a cooperation agreement with Wang Dong, Chairman and CEO of Beijing Enterprise Group, to develop natural gas and energy efficiency projects in China. Chinese and French Presidents Xi Jinping and François Hollande were present at the signing.
The agreement follows several cooperative undertakings in China between subsidiaries of the two Groups, including joint ventures in gas engineering and waste incineration.
The current agreement extends the group’s cooperation into several new areas:
Gérard Mestrallet, Chairman and CEO of GDF SUEZ stated, “This agreement illustrates the commitment and strengthening involvement of GDF SUEZ in sustainable growth in China. The Group’s long-term relationships in China have been marked by the 2011 cooperation agreement signed with China Investment Corporation (CIC), the 2012 partnership with PetroChina to develop six deep underground gas storage tanks, and the 2013 installation of a first floating LNG import terminal. The group’s expertise and know-how in the gas value chain and in energy services enable us to offer custom solutions that satisfy China’s ambition to improve the air quality of its major cities.”