TotalEnergies signs LNG agreements with Indian Oil Corp, Korea South-East Power

TotalEnergies signs LNG agreements with Indian Oil Corp, Korea South-East Power

French energy major TotalEnergies announced on Tuesday agreements with Indian Oil Corporation and Korea South-East Power for the supply of liquefied natural gas (LNG) over a medium to long term period.

It signed a sales and purchase agreement with Indian Oil Corporation to deliver up to 800,000 metric tons per year of LNG to India for ten years from 2026, it said in a statement.

The company also signed a heads of agreement with Korea South-East Power to supply up to 500,000 metric tons per year of LNG to South Korea for five years starting from 2027.

The agreements are in line with TotalEnergies' strategy of growing its LNG business and are medium-term outlets for its global LNG supply portfolio, the company said.

Indian Oil Corporation, the country's top refiner, had previously signed a long-term deal to receive 1.2 million metric tons per year of LNG supplies from United Arab Emirates' s Abu Dhabi Gas Liquefaction Co Ltd (ADNOC LNG), beginning from 2026 for 14 years.