Discover ENGIE activities in China
ENGIE opened its China sales office in 2008, since when it has been building and developing relationships with Chinese partners. These long-term agreements underpin the Group’s commitment to sustainable growth in China. To support that commitment, the Group set up a new Business Unit this year dedicated to all its business activities throughout the country: GDF SUEZ CHINA.
A strategic long-term commitment to the natural gas market
In August 2010, ENGIE delivered its first Chinese LNG cargo to Shanghai. A year later, the Group signed a global partnership with CIC (China Investment Corporation), under the terms of which CIC acquired a 30% stake in ENGIE Exploration & Production. The same year saw the signature of a contract with the country's largest LNG importer China National Offshore Oil Corporation (CNOOC) for the sale of 2.3 million metric tons of LNG over a four-year period beginning in 2013. The Group also contributed to the construction of China's first floating regasification unit.
In 2012, ENGIE extended its cooperation with PetroChina to evaluate the potential of Qatar in the upstream gas market. That agreement has since been extended to include the development of 6 underground gas storage sites with a combined capacity of 10 billion cubic meters of gas, which is equivalent to the total storage volume available in France.
In energy services, ENGIE signed an agreement in September 2009 to provide energy services to Chongqing, an urban center with a population of 30 million. Since then, the Group has signed a partnership agreement with Tianjin Innovative Finance Investment (TIFI) to develop an urban cooling network for the new financial district of Yujiapu in the coastal area of Tianjin-Binhai. At the end of 2013, the Group opened its first energy services company - Cofely-Gient - in Chongqing.
Key dates2009: First energy services contract for the Chongqing urban heating and cooling network
2010: Delivery of the first LNG cargo to the Shanghai terminal
2011: Signature of a partnership with the sovereign fund CIC
Sale of 2.3 million metric tons of LNG to China National Offshore Oil Corporation (CNOOC)
Involvement in the construction of China's first floating regasification unit
2012: Commencement of cooperation with PetroChina
Signature of Services contracts for the development of 6 underground gas storage sites
2013: Commencement of gas storage operations in China in conjunction with PetroChina
Arrival in Tianjin of China's first floating regasification unit
Signature d’un contrat de project management pour les travaux d’expansion du terminal GNL de Shanghai Wuhaogou
2014: Cooperation agreements signed with Beijing Enterprise Group and Shanghai Energy
In March this year, ENGIE signed a major collaboration agreement with Beijing Enterprise Group to develop energy projects in Beijing and elsewhere in China, and promote the sustainable urban development of eco-communities. Following on from the mergers of subsidiary companies from both groups, this agreement aims to extend cooperation for:
- the development of utilities services for the new Changping business district in Beijing, including construction of a trigeneration plant developed jointly by the two groups,
- underground natural gas storage,
- intercompany training sessions for Chinese and French teams so that each can learn the methods and technologies used by the other
Gérard Mestrallet, ENGIE Chairman & Chief Executive Officer :
«This agreement illustrates the commitment of ENGIE to sustainable growth in China and its increased involvement in delivering that growth.
The Group's expertise and know-how in the gas value chain and in energy services allow us to offer effective solutions that will enable China to fulfill its ambition of improving urban air quality.»
Gérard Mestrallet, Chairman & CEO of ENGIE has been advisor to the mayor of Shanghai since 2000, within the framework of the International Business Leaders Advisory Council (IBLAC). This think–tank brings together some thirty business leaders, managers of large international groups, every year. Gérard MESTRALLET is also an active member of the International Economic Advisory Council of the Mayor of Chongqing, the world’s largest city with a population of more than 32 million.
The new GDF SUEZ CHINA Business Unit will build on the strengths of the Group in development, expertise, Research & Development and Innovation to increase its presence in the Chinese market, at the same time as seeking out new partnerships and collaborative agreements with key actors in the Chinese energy market. This strategy should enable ENGIE to accelerate the pace of its growth in the Chinese energy market and quickly establish itself as a key player in that market.