GDF SUEZ has signed several significant agreements with Chinese partners in the field of natural gas storage, the provision of liquefied natural gas regasification facilities and the environment.
The group has signed a technical service agreement with China National Petroleum Corp (CNPC) for the assessment of six projects to convert depleted fields into underground natural gas storage facilities, which its subsidiary PetroChina plans to fill with gas in 2013. The total storage volume would be 10 bcm, the equivalent of GDF SUEZ’s entire storage capacity in France today.
GDF SUEZ will also provide China with a floating storage and regasification unit (FSRU), speeding up the possible reception of LNG in Tianjin. This agreement with the China National Offshore Oil Corporation (CNOOC) schedules the sub-chartering of the GDF SUEZ Cape Ann LNG carrier from October 2013 for a period of up to five years. The FSRU will be permanently moored in Tianjin and will become the first floating LNG import terminal in China. This delivery follows the signing in 2011 of a cooperation agreement on LNG floating storage and regasification units between GDF SUEZ and CNOOC.
SUEZ ENVIRONNEMENT has also signed a cooperative contract with the Beijing Enterprise Environmental Group, a subsidiary of Beijing Enterprises Holdings to establish a joint venture dedicated to developing operations and management of waste facilities in China.
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