AsianOil: TotalEnergies strikes LNG deals with Indian, South Korean buyers

TotalEnergies has expanded its LNG business in Asia, entering into fresh supply deals with Indian Oil Corp. (IOC) and Korea South-East Power, the French major reported on June 4.

The company has reached a sales and purchase agreement with IOC to deliver up to 800,000 tonnes per year of LNG to India over a ten-year period from 2026. It has also signed a heads of agreement (HoA)  with Korea South-East Power to supply up to about 500,000 tpy of LNG to South Korea for five years from 2027.

The deals give TotalEnergies medium-term outlets for its global LNG supply portfolio, which came to 44mn tpy in 2023, while expanded its footprint in Asian markets, the company said.

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