TotalEnergies signed a sale and purchase agreement with Indian Oil for the delivery of 800,000 tons per year of LNG for 10 years to India beginning in 2026. (Source: Shutterstock)
TotalEnergies is increasing its LNG deliveries to Asia with two new medium- and long-term contracts signed with Indian Oil Corp. (IOCL) and Korea South-East Power, the company said in a June 4 news release.
TotalEnergies signed a sale and purchase agreement with Indian Oil for the delivery of 800,000 tons per year of LNG for 10 years to India beginning in 2026. The company also agreed to deliver 500,000 tons per year of LNG for five years to Korea beginning in 2027 under a heads of agreement with Korea South-East Power.
With these contracts, the company is securing its global LNG supply portfolio in the medium term.
“We are delighted to have been selected by IOCL and Korea South-East Power to supply LNG to India and Korea,” said Gregory Joffroy, senior vice president of LNG at TotalEnergies. “These contracts enable us to contribute to the energy security and transition of these countries, to which we have an enduring commitment.”
Recommended Reading
E&Ps Pivot from the Pricey Permian
2025-02-01 - SM Energy, Ovintiv and Devon Energy were rumored to be hunting for Permian M&A—but they ultimately inked deals in cheaper basins. Experts say it’s a trend to watch as producers shrug off high Permian prices for runway in the Williston, Eagle Ford, the Uinta and the Montney.
Analysis: Middle Three Forks Bench Holds Vast Untapped Oil Potential
2025-01-07 - Williston Basin operators have mostly landed laterals in the shallower upper Three Forks bench. But the deeper middle Three Forks contains hundreds of millions of barrels of oil yet to be recovered, North Dakota state researchers report.
Formentera Joins EOG in Wildcatting South Texas’ Oily Pearsall Pay
2025-01-22 - Known in the past as a “heartbreak shale,” Formentera Partners is counting on bigger completions and longer laterals to crack the Pearsall code, Managing Partner Bryan Sheffield said. EOG Resources is also exploring the shale.
Classic Rock, New Wells: Permian Conventional Zones Gain Momentum
2024-12-02 - Spurned or simply ignored by the big publics, the Permian Basin’s conventional zones—the Central Basin Platform, Northwest Shelf and Eastern Shelf—remain playgrounds for independent producers.
Inside Ineos’ US E&P Business Plan: Buy, Build, Buy
2025-01-27 - The E&P chief of U.K.’s Ineos says its oily Eagle Ford Shale acquisition in 2023 has been a profitable platform entry for its new U.S. upstream business unit. And it wants more.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.