The deal entails the delivery of up to 0.8 million tons of liquefied natural gas (LNG) per annum (mtpa) for 16 years, commencing in 2027, TotalEnergies said in a statement.
The new deal adds to the company’s current SPA, which runs until 2029, with LNG sourced from the company’s global portfolio.
TotalEnergies is the world’s third-largest LNG player, with a market share of around 12% and a global portfolio of about 50 mtpa, according to the statement.
The energy giant aims to increase its LNG production and long-term purchases by 50% by 2030.
(Anadolu Agency, February 29, 2024)