A post by @FirstSquawk on X.
CHINA SAYS TOTALENERGIES TO SUPPLY 900,000 TONS OF LNG PER YEAR TO JIANGSU GUOXIN GROUP FOR 15 YEARS
@FirstSquawk on X
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The deal ties French energy major TotalEnergies to a Chinese provincial utility buyer for roughly 13.5 million tons over the contract's life. It matters as another sign of China locking in long-term LNG supply as demand from the power and industrial sectors holds firm. Watch for further Chinese term-contract announcements and how they shape global LNG contracting and spot pricing.
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Named in this story
TotalEnergies, Jiangsu Guoxin Group, China