TotalEnergies Announces LNG Supply Agreement with Gujarat State Petroleum Corp.
TotalEnergies has entered into a 10-year agreement with Gujarat State Petroleum Corp. (GSPC) to supply liquefied natural gas (LNG) to India starting next year. The deal involves six LNG cargoes annually.
Key Terms of the Agreement
- Duration: 10 years
- Annual LNG supply: six cargoes
- Start date: next year
Impact on TotalEnergies’ Growth Prospects
The agreement is expected to contribute to TotalEnergies’ growth prospects in the Indian market. However, the company has not disclosed the pricing details of the deal.
Stock Price Performance
TotalEnergies’ stock price has remained relatively stable, with minor fluctuations.
CEO’s Comments on US LNG Deal
TotalEnergies’ CEO has emphasized the importance of securing a long-term LNG deal with the US to guarantee Europe’s energy security.