Total Signs Deal to Supply LNG to China's ENN
By Aiswarya Lakshmi
Monday, February 8, 2016
Total SA has signed an agreement to supply liquefied natural gas to ENN Energy in China, according to a news release on the French energy company's website.
The deal is for 0.5 million metric tons of LNG per year for a period of 10 years and will be delivered from the company's facilities. Total didn't specify which projects if would source the product from but it has offtake from Australia's Ichthys project, geographically close to China.
The deliveries will be sourced from Total’s global LNG portfolio, and they are expected to begin in 2018 upon completion of ENN’s Zhoushan LNG receiving terminal.
“Building partnerships with new LNG buyers, such as ENN in China, allows us to grow our presence in this key LNG market,” said Laurent Vivier, president of Total’s gas division.
Total is a world leader in LNG, with solid and diversified positions along the entire value chain and LNG production of 10.2 million tonnes in 2015.
ENN LNG Trading Company Limited is a subsidiary of ENN Energy Holdings Ltd., one of the largest natural gas distributors in China.