TotalEnergies to supply LNG to HD Hyundai Chemical until 2033

TotalEnergies has signed a heads of agreement (HoA) with HD Hyundai Chemical to supply 200,000 tonnes/year of LNG for 7 years starting from 2027.

With prices indexed both to Brent and Henry Hub, TotalEnergies strengthens its position in South Korea, the world’s third-largest LNG importing country, the operator said in a release Sept. 24.

HD Hyundai Chemical will use the supply for one of its industrial sites in Asia, TotalEnergies said.