TotalEnergies extends LNG supply deal with CNOOC for 1.25 million tons annually to China until 2034.

TotalEnergies has extended its LNG supply agreement with CNOOC for 1.25 million tons annually to China until 2034. This deal enhances TotalEnergies' foothold in the growing Chinese market, where natural gas plays a vital role in energy transition and emission reduction. The company aims to increase the share of natural gas in its sales to 50% by 2030 and lessen reliance on spot market prices while aiding the shift from coal to gas.

September 19, 2024
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