TotalEnergies has announced a significant agreement with China’s Sinopec for the supply of 2 million tonnes of liquefied natural gas annually over a 15-year period, commencing in 2028. This long-term supply agreement, part of TotalEnergies’ strategic focus on expanding its LNG business, was formalised in a Heads of Agreement following the broader strategic cooperation pact signed earlier this year during president Xi Jinping’s state visit to France.
This agreement bolsters TotalEnergies’ position in China, the world’s largest LNG market, while aligning with China’s energy transition goals. As a cleaner alternative to coal, natural gas supports the nation’s shift towards renewable energy by balancing the intermittent nature of renewables and reducing greenhouse gas emissions.
Stéphane Michel, president of Gas, Renewables & Power at TotalEnergies, expressed his enthusiasm for the partnership, stating, “We are delighted to have been chosen by Sinopec to supply 2 million tonnes of LNG to China, the largest LNG importing country in the world. This new agreement demonstrates the competitiveness of TotalEnergies’ LNG business and allows us to continue growing our long-term sales in Asia.”
Mr. Niu Shuanwen, senior vice president of Sinopec Corporation, added, “Sinopec and TotalEnergies are strategic partners. This HoA further strengthens the cooperation between the two companies in natural gas. Natural gas is an important enabler for realising energy transition and dual carbon goals. Sinopec is committed to building the world’s leading clean energy and chemical company and will continue to promote energy transition and the clean, diversified, and secure supply of energy. Sinopec strives to make positive contributions to global energy governance and climate change.”
This collaboration marks a significant step towards advancing sustainable energy solutions and underscores both companies’ commitment to a cleaner, more secure energy future.
For more information visit www.totalenergies.com
