TotalEnergies signs 15‑year contract to supply 900,000 t of LNG per year to Jiangsu Guoxin Group
TotalEnergies will deliver 900,000 metric tons of liquefied natural gas each year to Jiangsu Guoxin Group’s new terminal in Rudong, China, beginning in 2028 and lasting for 15 years. The cargoes are intended for city‑gas distribution and flexible power generation in Jiangsu, the country’s second‑largest gas‑consuming province. The agreement was announced by TotalEnergies senior vice‑president Gregory Joffroy and Jiangsu Guoxin deputy general manager Zhang Wenxiang.
Why it matters
The contract expands TotalEnergies’ long‑term LNG sales portfolio in China, a key growth market, and provides the Chinese partner with a stable supply for its provincial energy security strategy. The deal also supports TotalEnergies’ goal of raising natural‑gas sales to roughly half of its total sales by 2030, as stated by the company.
Key facts
- 1TotalEnergies will supply 900,000 metric tons of LNG per year to Jiangsu Guoxin Group. stocktitan.net
- 2Deliveries are scheduled to start in 2028 and will run for 15 years. finanznachrichten.de
- 3The LNG will be delivered to Jiangsu Guoxin’s new terminal in Rudong for city‑gas and flexible power generation. stocktitan.net
- 4TotalEnergies senior vice‑president Gregory Joffroy commented on the partnership and the resilience of the company’s integrated LNG model. stocktitan.net
- 5Jiangsu Guoxin deputy general manager Zhang Wenxiang said the agreement strengthens the province’s gas‑supply security and supports its carbon‑peaking goals. finanznachrichten.de
- 6TotalEnergies aims to increase the share of natural gas in its sales mix to about 50% by 2030. rigzone.com
Summary written by AlphAI AI Desk from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.