ENGIE and AES Andres Leverage Core Strengths to Provide Reliable and Competitive LNG Supply in the Caribbean

ENGIE and AES Andres DR, S.A. (AES Andres), a subsidiary of The AES Corporation (NYSE: AES), have agreed to enter into a binding joint marketing agreement for liquefied natural gas (LNG), effective immediately for a period of up to 12 years. The partnership will combine ENGIE and AES’ strengths to foster growth in LNG and natural gas sales in the Caribbean.
ENGIE and AES Andres will jointly market 0.7 million tonnes per annum (mtpa) of LNG. The objective is to provide a cleaner and more cost-effective alternative to oil-fueled power generation, while satisfying a growing need for natural gas in the region.  …