TotalEnergies has signed a Heads of Agreement (HoA) with Sinopec for the delivery of 2 million tonnes of LNG per year for 15 years from 2028.
The long-term deal strengthens TotalEnergies’ position in China and follows the strategic cooperation signed earlier this year between TotalEnergies and Sinopec during President Xi Jinping’s state visit to France.
In China, natural gas is a key component of the energy transition as it mitigates the intermittency of rapidly growing renewable energies and helps reduce greenhouse gas emissions when it replaces coal in electricity production.
Stéphane Michel, President Gas, Renewables & Power at TotalEnergies, said the deal demonstrates the competitiveness of its LNG business and enables it to build on its long-term sales in Asia.
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