REG-TotalEnergies SE India: TotalEnergies to Supply GSPC with 400,000 Tons of LNG per year from 2026

TotalEnergies SEAnnouncement

12/02/2025 11:00

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India: TotalEnergies to Supply GSPC with 400,000 Tons of LNG per year from
2026

 

TotalEnergies SE (Paris:TTE) (LSE:TTE) (NYSE:TTE):

During a ceremony held in New Delhi on the sidelines of the India Energy Week,
TotalEnergies and the Gujarat State Petroleum Corporation Limited (GSPC), a
state-owned oil and gas company, announced the signing of a long-term Sale and
Purchase Agreement (SPA) for a term of ten years starting in 2026. Under this
agreement, TotalEnergies will supply GSPC with 400,000 tons of liquefied
natural gas (LNG), amounting to six cargoes per year.

The LNG, sourced from TotalEnergies' global portfolio and delivered to
terminals on India's west coast, will primarily serve GSPC's industrial
customers. It will also supply Indian households for domestic use, businesses,
and service stations for vehicles running on Compressed Natural Gas (CNG),
such as auto-rickshaws.

“We are delighted to have been chosen by GSPC to supply them with LNG in
India. This new deal underscores TotalEnergies' leadership in the LNG domain
and commitment to India’s energy transition and security of supply,” said
Gregory Joffroy, Senior Vice President LNG at TotalEnergies.

“This agreement marks a major step towards reinforcing GSPC’s strategy to
secure competitive LNG on a long-term basis, helping to bridge the growing
natural gas demand-supply deficit in Gujarat and across India. Partnering with
TotalEnergies, one of the largest LNG players in the world, aligns with
GSPC’s strategy to build up its long-term portfolio and become a leading
Indian player in gas trading”, said Milind Torawane, Managing Director at
GSPC. “This deal will further strengthen GSPC’s portfolio and its
operations in the gas value chain, leveraging GSPC Group’s transmission and
distribution infrastructure.”

In India, natural gas will play a pivotal role in the energy transition. As a
cleaner alternative for industrial activities, cooking and transportation, it
enhances air quality by reducing greenhouse gas emissions and pollution.

***

About Gujarat State Petroleum Corporation Limited

Gujarat State Petroleum Corporation Limited, a Government of Gujarat company,
is one of India’s leading oil and gas companies. GSPCL is also one of the
largest gas trading companies in India and is a part of GSPC Group which has
significant presence across the gas value chain in the LNG terminal, gas
transmission, gas distribution and power generation businesses. In Gujarat,
GSPC, along with its other group companies, supplies one-third of the natural
gas demand in the State of Gujarat, catering to 2.3 million households and
20,000 industrial and commercial clients, and operates over 800 CNG stations.

For further information, please visit: www.gspcgroup.com
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About TotalEnergies

TotalEnergies is a global integrated energy company that produces and markets
energies: oil and biofuels, natural gas and green gases, renewables and
electricity. Our more than 100,000 employees are committed to provide as many
people as possible with energy that is more reliable, more affordable and more
sustainable. Active in about 120 countries, TotalEnergies places
sustainability at the heart of its strategy, its projects and its operations.

TotalEnergies, the world’s third largest LNG player

TotalEnergies is the world’s third largest LNG player with a global
portfolio of 40 Mt/y in 2024 thanks to its interests in liquefaction plants in
all geographies. The Company benefits from an integrated position across the
LNG value chain, including production, transportation, access to more than 20
Mt/y of regasification capacity in Europe, trading, and LNG bunkering.
TotalEnergies’ ambition is to increase the share of natural gas in its sales
mix to close to 50% by 2030, to reduce carbon emissions and eliminate methane
emissions associated with the gas value chain, and to work with local partners
to promote the transition from coal to natural gas.

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Cautionary Note

The terms “TotalEnergies”, “TotalEnergies company” or “Company” in
this document are used to designate TotalEnergies SE and the consolidated
entities that are directly or indirectly controlled by TotalEnergies SE.
Likewise, the words “we”, “us” and “our” may also be used to refer
to these entities or to their employees. The entities in which TotalEnergies
SE directly or indirectly owns a shareholding are separate legal entities.
This document may contain forward-looking information and statements that are
based on a number of economic data and assumptions made in a given economic,
competitive and regulatory environment. They may prove to be inaccurate in the
future and are subject to a number of risk factors. Neither TotalEnergies SE
nor any of its subsidiaries assumes any obligation to update publicly any
forward-looking information or statement, objectives or trends contained in
this document whether as a result of new information, future events or
otherwise. Information concerning risk factors, that may affect
TotalEnergies’ financial results or activities is provided in the most
recent Registration Document, the French-language version of which is filed by
TotalEnergies SE with the French securities regulator Autorité des Marchés
Financiers (AMF), and in the Form 20-F filed with the United States Securities
and Exchange Commission (SEC).

GSPC Contacts 

Media & Investor Relations: +91 98250 05139 | devendra@gspc.in
(mailto:devendra@gspc.in)

TotalEnergies Contacts 

Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com
(mailto:presse@totalenergies.com) l @TotalEnergiesPR 
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Investor Relations: +33 (0)1 47 44 46 46 l ir@totalenergies.com
(mailto:ir@totalenergies.com)



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