Bid & Tender

News

TotalEnergies, HD Hyundai Chemical Sign 200,000-tonnes-per-year LNG Deal

Total Energies has signed heads of agreement with Hyundai Chemical for delivery of 200,000 tonnes per annum (tpa) of LNG from 2027 to 2033.

 

The LNG will be delivered from TotalEnergies’ production facilities in Australia and Oman to one of HD Hyundai Chemical’s industrial sites in South Korea, said a joint statement on Tuesday.

 

With prices indexes to both to Brent and Henry Hub, the deal enables TotalEnergies to strengthen its long-term position in South Korea, where the company already has solar, wind and petroleum ventures.

 

TotalEnergies senior vice-president of LNG Gregory Joffroy said: “This agreement allows us to continue securing long-term sales in Asia and reduce our exposure to spot market gas prices.”

 

TotalEnergies had a global LNG portfolio of 44 million tons per annum (mtpa) in 2023 from interests in liquefaction plants, including access to more than 20mtpa of regasification capacity in Europe.

BACK

Related News