France’s Total and Chinese independent company Guanghui have signed a long-term sale and purchase agreement (SPA) for the supply of 0.7 million tonnes per year of LNG for a period of 10 years.
Total said on Wednesday that the gas would be delivered to Guanghui’s regasification terminal in Qidong, Jiangsu Province, from the company’s global LNG portfolio.
Laurent Vivier , SVP of gas at Total, said: “ 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. “