GDF Suez has penned a deal worth $4 billion with China
Investment Corporation (CIC) covering an LNG play in Trinidad & Tobago.
The French energy giant has also inked a contract with CNOOC
covering the use of a shuttle and regasification vessel (SRV) for projects in
China.
CIC is getting a 30% slice of GDF’s exploration and
production arm for a capital injection of EUR 2.3 billion ($3.22 billion), the
French company announced on Monday.
In addition, CIC is getting a 10% chunk of train 1 of the
Atlantic LNG liquefaction plant in Trinidad & Tobago as well as production
payments associated with trains 2, 3 and 4. GDF said the value of this deal is
EUR 600 million.
CNOOC has also confirmed a deal to take GDF’s SRV GDF Suez
Cape Ann for use as a floating storage and regasification unit (FSRU) in
projects off China. No deal value was revealed, however.