China and France Wednesday signed deals worth $15 billion, which include plans for a liquefied natural gas (LNG) terminal and storage, Kallanish Energy learns.
The energy deals were inked during French President Emmanuel Macron’s visit to China, and come at a time the European country is pushing for Chinese commitment to the Paris agreement, following the U.S. withdrawal.
According to reports, Engie and Beijing Gas Group signed a memorandum of understanding for collaboration on a LNG terminal and storage in the northern city of Tianjin. Engie is also said to be looking into supplying Chinese firms with membrane technology used for gas leak prevention.
Another deal involves Total setting up a joint venture with China’s Shenergy Group to distribute LNG by truck in the Yangtze River Delta.
The companies didn’t comment on the agreements.
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