LNG player GDF Suez signed a cooperation agreement with Shenergy Group to develop cooperation in energy sector, and joint exploration and sharing of development opportunities in Shanghai.
The scope of cooperation includes natural gas, energy services industry, power generation and related businesses, mainly covering liquefied natural gas, decentralized energy, gas to power generation, low emission energy application, and infrastructure projects.
Both companies aim at developing technical cooperation and communication in natural gas transportation and distribution, including the organization of staff trainings, learning missions, and enhance technical cooperation and communication in power generation.
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 is recognized by our partners in China, Beijing Gas Group with whom we signed a cooperation agreement last March, and now Shenergy Group.”
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Press Release; Image: GDF Suez