ENGIE and Beijing Gas Group sign LNG deal
September 27, 2016
Following a tender process launched by Beijing Gas Group (BGG) in April 2016 to secure its winter gas needs for the city of Beijing, ENGIE has been selected to supply approximately 900 million cubic meters of LNG to meet BGG’s downstream requirements.
ENGIE will thus deliver 10 cargoes of LNG to BGG over the period November 2016 through February 2017. BGG will receive the LNG volumes into Caofeidian terminal, in Northern China, where it will be stored, regasified and transported into Beijing’s gas network. LNG deliveries will involve floating storage in order to manage the winter peak shaving and flexibility needs of BGG. […]
This deal follows the maiden import of LNG supplied by ENGIE to BGG in 2015, and ensures the security of supply for this winter in Beijing.
Edited from press release.