Total and Guanghui have signed a long-term sale and purchase agreement (SPA) for the supply of 0.7 million tonnes per year of liquefied natural gas (LNG) for a period of 10 years. Guanghui International Natural Gas Trading Co., Ltd, is a subsidiary of Guanghui Energy Co., Ltd, an integrated energy company based in Xinjiang, China.
The gas will be delivered to Guanghui’s regasification terminal in Qidong, Jiangsu Province, from Total’s global LNG portfolio.
“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,” comments Laurent Vivier, Senior Vice-President Gas at Total.