Beijing, May 21, 2025 — Mercuria Energy Trading S.A., a subsidiary of Mercuria Energy Group Holding SA, today signed a long-term LNG sales and purchase agreement with Guangzhou Gas Group Co., Ltd., a subsidiary of Guangzhou Development Group Co., Ltd. The agreement was formalized in Beijing during the 29th World Gas Conference and marks a significant step in strengthening energy cooperation between the two organizations.
The signing ceremony was attended by Mr. Cai Ruixiong, Chairman of Guangzhou Development Group; Mr. Qiao Wukang, Deputy General Manager; and Mr. Xin Ruikun, Executive Director of Guangzhou Gas Group. Mercuria was represented by Mr. Steve Hill, Executive Vice President of Mercuria Gas and LNG; Mr. Tao Haisu, Chairman of Mercuria China; and Mr. Tony Ford, CFO of Mercuria Asia.
The agreement underscores both parties’ shared commitment to advancing clean energy deployment, strengthening regional energy security, and supporting China’s dual-carbon goals.
The LNG supplied under this long-term arrangement will enhance Guangzhou Gas Group’s capacity to secure stable gas resources, optimize the local energy mix, and reduce carbon emissions, further enabling high-quality regional economic development.
For Mercuria, this agreement consolidates our role as a strategic LNG partner in China and the Asia-Pacific region and strengthens the foundation of our LNG portfolio by aligning reliable supplies with the growing energy needs of key partners and supports regional energy and economical development.
This partnership reflects Mercuria’s long-term commitment to driving decarbonization through pragmatic commercial collaboration and sustainable supply chain development.
Established in 2004, Mercuria is one of the world’s largest independent energy and commodity groups, bringing efficiency to the commodity value chain with technology, expertise, and low-carbon solutions. The company established itself as a leader in the energy transition by pledging more than 50 percent of new investments toward renewables and transitional energy. The Group has made significant investments in renewable power, energy storage, grid optimization, critical transition minerals recycling, and environmental products.
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