During a ceremony in New Delhi, held on the sidelines of India Energy Week, TotalEnergies and the Gujarat State Petroleum Corporation Limited announced the signing of a long-term Sale and Purchase Agreement for the supply of liquefied natural gas. The agreement, which spans ten years from 2026, will see TotalEnergies supply GSPC with 400,000 tonnes of LNG annually, equivalent to six cargoes per year.
The LNG will be sourced from TotalEnergies’ global portfolio and delivered to terminals on India’s west coast. It will primarily serve GSPC’s industrial customers, while also supplying households, businesses, and service stations catering to vehicles running on compressed natural gas, such as auto-rickshaws.
Gregory Joffroy, senior vice president LNG at TotalEnergies, highlighted the significance of the deal, stating:
“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.”
Strategic Growth for GSPC
Milind Torawane, managing director at GSPC, emphasised the agreement’s role in enhancing GSPC’s energy strategy, stating:
“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. This deal will further strengthen GSPC’s portfolio and its operations in the gas value chain, leveraging GSPC Group’s transmission and distribution infrastructure.”
Natural gas is set to play a pivotal role in India’s energy transition, providing a cleaner alternative for industrial activities, domestic use, and transportation. By reducing greenhouse gas emissions and improving air quality, natural gas will contribute to a more sustainable and environmentally friendly energy landscape in India.
This agreement reinforces both TotalEnergies’ and GSPC’s commitment to supporting India’s growing energy needs while advancing the country’s long-term energy security and sustainability goals.
For more information visit www.totalenergies.com
