TotalEnergies inks long-term Asia LNG supply deals

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TotalEnergies said it signed two new liquefied natural gas (LNG) medium- and long-term contracts in Asia.

In line with its strategy to grow its liquefied natural gas (LNG) business.

  1. A sales and purchase agreement (SPA) with Indian Oil Corporation (IOCL) for the delivery to India of up to 800,000 tons per year of LNG for ten years from 2026.
  2. A Heads of Agreement (HoA) with Korea South-East Power for the delivery to South Korea of up to around 500,000 tons per year of LNG for five years from 2027.

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Total said the deals strengthen its footprint in Asian markets, where it is particularly committed to supporting its customers with their decarbonization strategies.

“These contracts enable us to contribute to the energy security and transition of these countries, to which we have an enduring commitment,” said Gregory Joffroy, Senior Vice President, LNG at TotalEnergies.

The company said it is the world’s number two in LNG, and is targeting sales of close to 50 million metric tons per year by 2025.

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