Total: agreements to market LNG in China
(CercleFinance.com) - Total announces agreements with Shenergy Group, a Shanghai-based energy company, for Total to supply up to 1.
4 million tonnes of liquefied natural gas (LNG) per year, in addition to the creation of a joint venture to market LNG in China.
The joint venture (Total 49%, Shenergy Group 51%) will sell LNG to customers in Shanghai and the surrounding region. The French group will also supply LNG to Shanghai Gas, the natural gas subsidiary of Shenergy Group, for its distribution business.
The LNG supplied to the joint venture and Shanghai Gas will be sourced from Total's international portfolio under a long-term purchase agreement for up to 1.4 million tonnes per year for 20 years.
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4 million tonnes of liquefied natural gas (LNG) per year, in addition to the creation of a joint venture to market LNG in China.
The joint venture (Total 49%, Shenergy Group 51%) will sell LNG to customers in Shanghai and the surrounding region. The French group will also supply LNG to Shanghai Gas, the natural gas subsidiary of Shenergy Group, for its distribution business.
The LNG supplied to the joint venture and Shanghai Gas will be sourced from Total's international portfolio under a long-term purchase agreement for up to 1.4 million tonnes per year for 20 years.
Copyright (c) 2021 CercleFinance.com. All rights reserved.