TotalEnergies Signs Long Term LNG Supply Deal with Sembcorp
02.29.2024 By Tank Terminals - NEWS

February 29, 2024 [Offshore Technology]- This sale and purchase agreement (SPA) builds upon an existing liquefied natural gas (LNG) purchase agreement between the two companies, which will continue until 2029.

 

TotalEnergies has entered into a long-term SPA with Sembcorp Fuels for the supply of LNG.

The agreement, which will commence in 2027, involves the delivery of up to 0.8 million tonnes per annum of LNG to the subsidiary of Singapore-based Sembcorp Industries (Sembcorp) over a period of 16 years.

TotalEnergies said the LNG will be sourced from its global portfolio.

This SPA builds upon an existing LNG purchase agreement between the two companies that was signed in 2022, and will continue until 2029.

Announcing the deal, Sembcorp said: “The SPA diversifies Sembcorp’s existing natural gas supply from piped and liquefied sources globally. As Singapore’s leading natural gas importer, Sembcorp is committed to supporting Singapore with a stable and resilient supply of energy in its transition towards a net-zero future.”

 

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