TotalEnergies: LNG long-term sale contract in South Korea
(CercleFinance.com) - At the World Gas Conference 2022 TotalEnergies announces signing an agreement with the Korean company Hanwha Energy Corporation for the supply of 600,000 tonnes of liquefied natural gas (LNG) per year over 15 years, starting in 2024.
The LNG will be sourced from its global portfolio and delivered to the Tongyeong regasification terminal in South Korea. It will be used to power the new 1 GW Hanwha and HDC power plant currently under construction next to the terminal.
"With this new contract, TotalEnergies increases its natural gas shipments to South Korea, the world's third largest importer of LNG in 2021," said Stéphane Michel, President Gas, Renewables & Power at TotalEnergies.
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The LNG will be sourced from its global portfolio and delivered to the Tongyeong regasification terminal in South Korea. It will be used to power the new 1 GW Hanwha and HDC power plant currently under construction next to the terminal.
"With this new contract, TotalEnergies increases its natural gas shipments to South Korea, the world's third largest importer of LNG in 2021," said Stéphane Michel, President Gas, Renewables & Power at TotalEnergies.
Copyright (c) 2022 CercleFinance.com. All rights reserved.