1.25 million tons/year! Total Energy renews LNG agreement with CNOOC

To implement the long-term LNG sales growth strategy, Total Energy announced that it will extend the natural gas sales and purchase agreement with CNOOC for 5 years, delivering 1.25 million tons of LNG to China annually until 2034.

Total Energy strengthens its long-term position in the growing Chinese market. Natural gas is an important transitional energy in China and plays a key role in supporting the country's energy transformation. It is a reliable source of electricity that can balance the intermittency of renewable energy sources such as solar and wind power. In addition, using natural gas instead of coal for power generation can significantly reduce emissions and help achieve China's decarbonization goals.

Gregory Joffroy, Senior Vice President of LNG at Total Energy, said: "We are pleased to strengthen our ties with CNOOC, an important partner of our company in the world's largest LNG importer. This agreement allows us to continue to secure long-term sales in Asia and reduce our exposure to natural gas prices in the spot market."

As a leading global natural gas producer, Total has abundant resources and technological advantages in the field of LNG. The cooperation with CNOOC will undoubtedly promote the coordinated development of LNG projects in terms of technology, transportation and infrastructure. This solid partnership will help promote further integration of the global LNG market and enhance market competitiveness.