China and France sign deals worth $ 15 b during Macron’s visit

Thursday, 7 November 2019 00:00 - - {{hitsCtrl.values.hits}}

French President Emmanuel Macron attends a welcome ceremony with Chinese President Xi Jinping outside the Great Hall of the People in Beijing, China, 6 November – Reuters

BEIJING (Reuters): China and France signed contracts totalling $ 15 billion during a visit by President Emmanuel Macron, a Chinese government official said at a news briefing yesterday.

They also agreed to expand a protocol for poultry exports reached earlier this year to include duck and geese as well as foie gras, and to work on a protocol allowing France to export pig semen to China, according to a statement from the French President’s office.

Energy deals included a memorandum of understanding between Beijing Gas Group and French utility Engie to collaborate on a liquefied natural gas terminal and storage in the northern city of Tianjin.

An executive with Beijing Gas Group told Reuters that the cooperation with Engie will also include the French firm supplying membrane technology, used for gas leak prevention, in the massive gas storage projects that China is embarking on.

Among other deals, France’s Total will set up a joint venture with China’s Shenergy Group to distribute LNG by truck in the Yangtze River Delta.

The two countries also agreed to reach an agreement by the end of January 2020 on the cost and location of a nuclear fuel reprocessing facility to be built by Orano, formerly known as Areva.

Previous plans to build the plant in Lianyungang in eastern China’s Jiangsu province were cancelled after protests.

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