REG-TOTAL India: Total Signs 5-year LNG Supply Agreement with ArcelorMittal Nippon Steel

TotalEnergies SEAnnouncement

20/05/2021 08:00

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India: Total Signs 5-year LNG Supply Agreement with ArcelorMittal Nippon Steel

 

Total (Paris:FP) (LSE:TTA) (NYSE:TOT) and ArcelorMittal Nippon Steel(1) (AMNS)
have signed an agreement for the supply of up to 500,000 tons of liquefied
natural gas (LNG) per year until 2026.

The LNG will be sourced from Total’s global portfolio and offloaded either
in Dahej or Hazira LNG Terminal, on the West Coast of India. AMNS will use the
LNG to run its steel and power plants located in Hazira, Gujarat state.

“We are pleased to partner with AMNS and to supply the growing industrial
LNG demand in India, a country that aims to more than double the share of
natural gas in its energy mix by 2030 compared to today,” said Thomas
Maurisse, Senior Vice President LNG at Total. “The supply of LNG will
contribute to the reduction of AMNS’s carbon emissions, in line with
Total’s ambition to offer its customers energy products that emit less CO(2)
and to support them in their own low-carbon strategies.”

This agreement strengthens Total’s relationship with AMNS and contributes to
the decarbonization of India’s steel industry, which still rely heavily on
coal.

Total, Second Largest Private Global LNG Player

Total is the world's second largest privately owned LNG player, with a global
portfolio of nearly 50 Mt/y by 2025 and a global market share of around 10%.
Thanks to its interests in liquefaction plants in Angola, Australia, Egypt,
the United Arab Emirates, the United States, Nigeria, Norway, Oman, Russia and
Qatar, the company markets LNG on all world markets. Total also benefits from
strong and diversified positions throughout the LNG value chain, including gas
production, LNG transportation, LNG trading, and some recent development in
the LNG industry for maritime transport.

About Total

Total is a broad energy company that produces and markets fuels, natural gas
and electricity. Our 100,000 employees are committed to better energy that is
more affordable, more reliable, cleaner and accessible to as many people as
possible. Active in more than 130 countries, our ambition is to become the
responsible energy major.

Cautionary Note

This press release, from which no legal consequences may be drawn, is for
information purposes only. The entities in which TOTAL SE directly or
indirectly owns investments are separate legal entities. TOTAL SE has no
liability for their acts or omissions. In this document, the terms
“Total”, “Total Group” and Group are sometimes used for convenience.
Likewise, the words “we”, “us” and “our” may also be used to refer
to subsidiaries in general or to those who work for them. 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 TOTAL 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.

(1) AMNS India is a joint venture between ArcelorMittal (60%) and Nippon Steel
(40%).

Total 

Media Relations: +33 1 47 44 46 99 l presse@total.com
(mailto:presse@total.com) l @TotalPress

Investor Relations: +44 (0)207 719 7962 l ir@total.com (mailto:ir@total.com)



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