TotalEnergies to Supply China with 2 Million Tons of LNG Annually

As part of its strategy to grow its Liquefied Natural Gas (LNG) business, TotalEnergies announced today that it has signed a sales agreement (HoA) with Sinopec for the delivery of 2 million tons of LNG per year for 15 years, starting in 2028.

This significant agreement with one of China's leading LNG players strengthens TotalEnergies' long-term position in the LNG market in China, the world's largest market.

The agreement is part of a strategic cooperation agreement signed between TotalEnergies and Sinopec earlier this year during President Xi Jinping’s official visit to France.

Stéphane Michel, President of TotalEnergies Gas, Renewables and Power, stated, “We are very pleased to be chosen by Sinopec to supply 2 million tons of LNG to China, the world's largest LNG importer. This new agreement demonstrates the competitiveness of TotalEnergies' LNG business and enables us to continue to grow our long-term sales in Asia.”

Sinopec Corporation Senior Vice President Niu Shuanwen remarked, “Sinopec and TotalEnergies are strategic partners. This agreement further strengthens cooperation in the field of natural gas between the two companies. Natural gas is an important facilitator for achieving energy transition.”