Engie pens LNG supply deal with Beijing Gas

Engie, French LNG-player formerly known as GDF Suez, signed an LNG supply deal with Beijing Gas Group of China.

Under the deal, Engie will deliver two LNG cargoes to BEG to meet Beijing City’s natural gas needs in winter. The first delivery will be in November and the second in January.

The deal was signed during Chinese Prime Minister Li Keqiang’s visit to France.

The companies also agreed to work on energy projects in China with the French major willing to help usher BEG into the international market by jointly investing in LNG projects in third party countries, Engie informed in a statement.

This deal will be followed by a 10-year LNG supply agreement as soon as the price is settled.

LNG World News Staff; Image: BW Maritime