REG-TotalEnergies SE TotalEnergies Increases LNG Deliveries to Asia with Two New Medium and Long-Term Contracts

TotalEnergies SEAnnouncement

04/06/2024 07:45

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TotalEnergies Increases LNG Deliveries to Asia with Two New Medium and
Long-Term Contracts

 

In line with its strategy to grow its liquefied natural gas (LNG) business,
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces the signing of two
new LNG medium- and long-term contracts in Asia:


 * a sales and purchase agreement (SPA) with Indian Oil Corporation (IOCL) for
the delivery to India of up to 800,000 tons per year of LNG for ten years from
2026; and


 * an agreement (HoA) with Korea South-East Power for the delivery to South Korea
of up to around 500,000 tons per year of LNG for five years from 2027.

These agreements allow TotalEnergies to secure medium-term outlets for its
global LNG supply portfolio. They also strengthen the Company's footprint in
Asian markets, where it is particularly committed to supporting its customers
with their decarbonization strategies.

“We are delighted to have been selected by IOCL and Korea South-East Power
to supply LNG to India and Korea. These contracts enable us to contribute to
the energy security and transition of these countries, to which we have an
enduring commitment,” said Gregory Joffroy, Senior Vice President, LNG at
TotalEnergies.

***

TotalEnergies, the world’s third largest LNG player

TotalEnergies is the world’s third largest LNG player with a global
portfolio of 44 Mt/y in 2023 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.

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.

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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 Universal 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).

TotalEnergies 

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