Total signs 10-year contract to supply LNG to Guanghui

Image courtesy of Total

France’s Total and Chinese independent company Guanghui have signed a long-term sale and purchase agreement (SPA) for the supply of 0.7 million tonnes per year of LNG for a period of 10 years.

Image courtesy of Total

Total said on Wednesday that the gas would be delivered to Guanghui’s regasification terminal in Qidong, Jiangsu Province, from the company’s global LNG portfolio.

Laurent Vivier, SVP of gas at Total, said: “We are delighted to start a long-term relationship with Guanghui, an increasingly successful LNG market player in China with clear ambitions for growth.

This new supply contract is in line with Total’s strategy to expand its presence in the Chinese LNG market, which grew by over 41% in 2018 and will continue to be a key driver of the LNG markets growth in the future.