GDF Suez inks deals
Source: Agencies |
November 1, 2011, Tuesday
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Print Edition
Print Edition
FRENCH power and gas company GDF Suez has formed an alliance with Chinese sovereign wealth fund China Investment Corp and signed a deal with state-owned energy company CNOOC to bolster its presence in China and Asia-Pacific.
As part of the first deal, CIC will take a 2.3-billion-euro (US$3.2 billion) minority stake in GDF Suez's exploration and production unit as well as a 10 percent stake in a liquid natural gas plant in the Caribbean.
GDF Suez also signed an LNG agreement with CNOOC to provide a vessel that will be used as a floating storage and regasification unit in China.
As part of the first deal, CIC will take a 2.3-billion-euro (US$3.2 billion) minority stake in GDF Suez's exploration and production unit as well as a 10 percent stake in a liquid natural gas plant in the Caribbean.
GDF Suez also signed an LNG agreement with CNOOC to provide a vessel that will be used as a floating storage and regasification unit in China.
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