Total SA has signed a binding heads of agreement with ENN LNG Trading Co. Ltd. for the delivery of 500,000 tonnes/year of LNG for 10 years. The deliveries will be sourced from Total’s global LNG portfolio and are expected to begin in 2018 after completion of ENN’s Zhoushan LNG receiving terminal.
Total reported that is the first major company to sign a binding LNG supply agreement with ENN, one of the largest natural gas distributors in China.
Total produced 10.2 million tonnes of LNG in 2015, the company said.
Total also has secured the purchase of LNG from projects in the US, and has long-term access to regasification capacity in key global LNG markets.