China’s CNOOC buys more LNG from France’s Total

For illustration purposes only (Image courtesy of Total)

French energy giant Total and China’s CNOOC have signed an amendment to their existing deal for liquefied natural gas (LNG) supply.

The partners have increased the contract volume from 1 million tons per annum (Mtpa) to 1.5 Mtpa of LNG, sourced from Total’s global LNG portfolio, and have extended the term of contract to 20 years, according to a Total statement on Monday.

The initial long-term deal was signed in 2008, with an annual contract volume of 1 Mtpa for a period of 15 years.

“We are delighted to strengthen our partnership with CNOOC to expand our presence in the Chinese LNG market, which grew by 50% over the first half of 2018 and will continue to drive the increase of LNG demand over the next decade,” Philippe Sauquet, President Gas, Renewables and Power said in the statement.

Share this article

Follow LNG World News

Posted on October 22, 2018 with tags , .

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >

LNG Bunkering Mediterrean

The only 3-day course offering theoretical and practical training on LNG bunkering designed by the Mediterranean market leaders.   

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

FLNG World Congress 2019

2019 FLNG World Congress will bring together stakeholders across the floating liquefaction value…

read more >