GDF Suez has entered into a medium term agreement to sell China National Offshore Oil Corporation (CNOOC) about 2.6 million tons of LNG from 2013 during a four year period.
GDF Suez said it considers Asia as a core development region for its LNG business, and the new contract strengthens its long-term commitment in China.
CNOOC assistant president Wang Jiaxiang said that the new contract will contribute to energy saving, emission reduction and the development of low-carbon economy of China.
CNOOC is a producer of offshore crude oil and natural gas, and has a diversified LNG supply portfolio of approximately 16mtpa.
GDF Suez has a diversified portfolio of LNG supplies from Algeria, Egypt, Nigeria, Norway, Trinidad and Tobago and Yemen, representing 16.5mtpa.