Liquefied Natural Gas

A Key Fuel for the Energy Transition

In the gas markets, TotalEnergies focuses on LNG, which can be shipped everywhere in the world and thus contributes to energy security.

  • Natural gas plays an essential role in reducing emissions from power generation as a replacement of coal.
  • TotalEnergies is the world’s 3rd largest LNG player, with about 40 Mt sold in 2024.
  • Benefiting from an integrated position across the LNG value chain, including production, transportation, TotalEnergies access to more than 20 Mt/y of regasification capacity in Europe.
  • TotalEnergies intends to consolidate its integrated position across the entire LNG value chain. The LNG volumes managed by the Company (excluding Russian volumes and spot volumes) are expected to grow by 50% between 2023 and 2030.

 

 

LNG in China

Developing Concrete Partnerships

Our ambition is to remain the world’s No. 3 in LNG, supported by long-term sales, especially in Asia. China is a key market. In China, TotalEnergies is building concrete long-term partnerships:

  • New progress with long-term deals with the NOCs
    • 2 new LNG contracts in 2024: one extending an existing deal with CNOOC, and a new agreement with Sinopec.
    • collaboration with CNOOC, CNPC and Sinopec on joint investments abroad.
  • In LNG downstream: formed a JV with Shenergy Group, a leading energy player in Shanghai, to expand LNG marketing in China.
  • Infrastructure development: the deployment of the FSRU Cape Ann allows TotalEnergies to provide LNG regasification and natural gas supply to the Chinese market. Over the 21 months of service, Cape Ann had processed around 4.5 million tons of LNG.

 

 

Long-term LNG Sales in China

TotalEnergies supply China with annual LNG Sales  ≥ 4 Mtpa, under long-term contracts:

  • In 2024, signed a Heads of Agreement (HoA) with Sinopec for the delivery of 2 Mtpa of LNG.
  • In 2024, renewed its sales and purchase agreement (SPA) with CNOOC, for the delivery of 1.25 Mtpa of LNG.
  • In 2021, signed binding agreements with Shenergy Group for the supply of up to 1.4 Mtpa of LNG from TotalEnergies.
  • In 2019, signed LNG SPA with Guanghui Energy for the delivery of 0.7 Mtpa of LNG.
  • In 2016, signed an agreement with ENN LNG Trading for the delivery of 0.5 Mtpa of LNG.