TotalEnergies and China LNG supply deal with Sinopec

TotalEnergies is strengthening its long-term position in the LNG market in China, the largest market in the world. This agreement comes within the strategic cooperation agreement signed earlier this year between TotalEnergies and Sinopec. 

Under the sale agreement TotalEnergies will delivery 2 million tonnes of LNG per year for a period of 15 years, starting in 2028.

“We are delighted to have been chosen by Sinopec to supply 2 million tons of LNG to China, the largest LNG importing country in the world. This new agreement demonstrates the competitiveness of TotalEnergies’ LNG business and allows us to continue growing our long-term sales in Asia,” said Stéphane Michel, President Gas, Renewables & Power at TotalEnergies.

Niu Shuanwen, Senior Vice President of Sinopec, said “Sinopec and TotalEnergies are strategic partners. This agreement further strengthens the cooperation between the two companies in natural gas.”

TotalEnergies is the world’s third largest LNG player, aiming to increase the share of natural gas in its sales mix to close to 50% by 2030.