Foreign interest in Chinese terminals picks up with GTT MOU

The CNOOC LNG terminal in Tianjin. (CNOOC)

A memorandum of understanding (MOU) signed between French LNG storage engineering firm GTT and Beijing Gas Group to collaborate on an LNG terminal the latter is building in Tianjin is the latest sign of growing interest among global energy firms in Chinese regasification assets as China embarks on its biggest gas industry reform in years.

GTT, a subsidiary of France’s Engie, signed the MOU during French President Emmanuel Macron’s state visit to China this week. The agreement will involve the evaluation...