Total and Shenergy Group form LNG joint venture in China

Total and Shenergy Group have created a new joint venture to expand LNG marketing in China.

Unveiled today (23^rd March), the joint venture will sell LNG supplied by Total to customers in Shanghai, as well as the neighbouring Yangtze River Delta regions.

As part of the joint venture plans, Total will also supply LNG to Shanghai Gas.

Stéphane Michel, President Gas, Renewables & Power at Total, commented, “This deal with Shenergy Group is a great opportunity to partner with an experienced Gas & LNG player with strong ambitions, as well as a unique entry point into the downstream LNG market in China.”