TotalEnergies secures ten-year LNG supply deal with KOGAS

Core Viewpoint - TotalEnergies has secured a long-term contract with KOGAS for the supply of liquefied natural gas (LNG), enhancing its position in the Asian market and diversifying its supply sources [1][2][3]. Group 1: Contract Details - TotalEnergies will supply one million tonnes per annum (mtpa) of LNG to KOGAS for a duration of ten years, starting from the end of 2027 [1]. - The agreement will increase TotalEnergies' total LNG supply to KOGAS to 3 mtpa from 2028 [2]. - The LNG will be sourced from TotalEnergies' global supply portfolio, with a significant portion coming from its US LNG production [3]. Group 2: Strategic Implications - This contract allows TotalEnergies to secure long-term outlets in Asia, aligning with the growth of its LNG supply, particularly from the United States [2]. - KOGAS aims to enhance the economic value of its LNG portfolio and diversify its sources of supply through this agreement [3]. - The engagement reflects a commitment to securing a stable LNG supply amid a changing global energy landscape [4]. Group 3: Recent Developments - This announcement follows a previous agreement in April where TotalEnergies committed to supply 400,000 tonnes per annum of LNG to Energia Natural Dominicana over a 15-year period [4].