China: TotalEnergies to Supply 900,000 Tons of LNG per Year to Jiangsu Guoxin Group for 15 Years
TotalEnergies (PARIS:TTE) (LSE:TTE) (NYSE:TTE) has signed an agreement (HoA) with Jiangsu Guoxin Group, a major energy company in China Jiangsu Province, for the delivery of 900,000 tons of LNG per year. Subject to the finalization of the SPAs, this agreement is set to start in 2028, for 15 years. The volumes will be delivered to Jiangsu Guoxin Group’s new LNG terminal in Rudong for city gas supply and flexible power generation, helping to secure energy supply and meet peak demand across the province. Jiangsu is China’s second-largest province in terms of both GDP and natural gas consumption volume. This agreement further expands TotalEnergies LNG long-term sales portfolio in China, one