TotalEnergies and China’s Sinopec sign multiyear LNG supply agreement

French energy giant TotalEnergies announced Monday the signing of a sales agreement with China’s Sinopec to supply 2 million tons of liquefied natural gas (LNG) annually, starting in 2028.

The deal aligns with the strategic cooperation agreement signed earlier this year between the two companies during President Xi Jinping’s state visit to France, the company said in a statement.

Commenting on the deal, Stephane Michel, the president of gas, renewables & power at TotalEnergies, praised the agreement with 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, Michel said.

Niu Shuanwen, senior vice president of Sinopec Corporation, emphasized the strategic partnership between TotalEnergies and Sinopec, saying the deal ‘further strengthens the cooperation between the two companies in natural gas.’

• China
• TotalEnergies