+
TotalEnergies Inks LNG Deals with Indian Oil Corp
POWER & RENEWABLE ENERGY

TotalEnergies Inks LNG Deals with Indian Oil Corp

French energy major TotalEnergies has inked significant agreements with Indian Oil Corporation and Korea South-East Power for the supply of liquefied natural gas (LNG) over a medium to long term period, the company announced on Tuesday.

Under the terms of the deals, TotalEnergies will supply up to 800,000 metric tons per year of LNG to India for a decade starting from 2026, according to a statement released by the company. This agreement is part of TotalEnergies' strategy to bolster its LNG business and solidify its presence in the global market.

Additionally, TotalEnergies has entered into a heads of agreement with Korea South-East Power to provide up to 500,000 metric tons per year of LNG to South Korea for a period of five years, commencing in 2027. These agreements mark a significant step forward in the company's efforts to expand its LNG supply portfolio and cater to the growing demand for cleaner energy sources in key markets.

"These agreements align perfectly with TotalEnergies' strategic vision of strengthening its position in the LNG market and diversifying its global supply portfolio," commented a spokesperson for the company. "They represent medium-term outlets for our LNG business and underscore our commitment to delivering reliable and sustainable energy solutions to our partners worldwide."

The move comes as TotalEnergies continues to ramp up its investments in LNG infrastructure and production facilities, aiming to capitalize on the increasing demand for natural gas as a cleaner alternative to traditional fossil fuels. With these latest agreements, the company reaffirms its commitment to sustainable growth and innovation in the energy sector.

French energy major TotalEnergies has inked significant agreements with Indian Oil Corporation and Korea South-East Power for the supply of liquefied natural gas (LNG) over a medium to long term period, the company announced on Tuesday. Under the terms of the deals, TotalEnergies will supply up to 800,000 metric tons per year of LNG to India for a decade starting from 2026, according to a statement released by the company. This agreement is part of TotalEnergies' strategy to bolster its LNG business and solidify its presence in the global market. Additionally, TotalEnergies has entered into a heads of agreement with Korea South-East Power to provide up to 500,000 metric tons per year of LNG to South Korea for a period of five years, commencing in 2027. These agreements mark a significant step forward in the company's efforts to expand its LNG supply portfolio and cater to the growing demand for cleaner energy sources in key markets. These agreements align perfectly with TotalEnergies' strategic vision of strengthening its position in the LNG market and diversifying its global supply portfolio, commented a spokesperson for the company. They represent medium-term outlets for our LNG business and underscore our commitment to delivering reliable and sustainable energy solutions to our partners worldwide. The move comes as TotalEnergies continues to ramp up its investments in LNG infrastructure and production facilities, aiming to capitalize on the increasing demand for natural gas as a cleaner alternative to traditional fossil fuels. With these latest agreements, the company reaffirms its commitment to sustainable growth and innovation in the energy sector.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code