China: TotalEnergies will supply 2 million tons of LNG per year to Sinopec for 15 years

To support the expansion of its Liquefied Natural Gas (LNG) operations, TotalEnergies has announced a new Heads of Agreement (HoA) with Sinopec, ensuring the delivery of 2 million tons of LNG annually over a 15-year period beginning in 2028.

This substantial agreement with Sinopec, a leading player in China’s LNG sector, reinforces TotalEnergies' long-term presence in China—the world’s largest LNG market. The deal follows the strategic cooperation agreement established between TotalEnergies and Sinopec earlier this year during President Xi Jinping’s state visit to France. In China, natural gas plays a crucial role in the energy transition by addressing the intermittency of fast-growing renewable energy sources and contributing to lower greenhouse gas emissions, particularly when replacing coal for electricity generation.

“We are delighted to have been chosen by Sinopec to supply 2 million tons of LNG to China, the largest LNG importing country in the world. This new agreement demonstrates the competitiveness of TotalEnergies’ LNG business and allows us to continue growing our long-term sales in Asia,” said Stéphane Michel, President Gas, Renewables & Power at TotalEnergies.

Mr. Niu Shuanwen, Senior Vice President of Sinopec Corporation, said “Sinopec and TotalEnergies are strategic partners. This HoA further strengthens the cooperation between the two companies in natural gas. Natural gas is an important enabler for realizing energy transition and dual carbon goals. Sinopec is committed to building the world's leading clean energy and chemical company and will continue to promote energy transition and the clean, diversified and secure supply of energy. Sinopec strives to make positive contributions to global energy governance and climate change.”