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.”
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