India: TotalEnergies to Supply GSPC with 400,000 Tons of LNG per year from 2026
12 2월 2025 - 8:00PM
Business Wire
Regulatory News:
TotalEnergies SE (Paris:TTE) (LSE:TTE) (NYSE:TTE):
During a ceremony held in New Delhi on the sidelines of the
India Energy Week, TotalEnergies and the Gujarat State Petroleum
Corporation Limited (GSPC), a state-owned oil and gas company,
announced the signing of a long-term Sale and Purchase Agreement
(SPA) for a term of ten years starting in 2026. Under this
agreement, TotalEnergies will supply GSPC with 400,000 tons of
liquefied natural gas (LNG), amounting to six cargoes per year.
The LNG, sourced from TotalEnergies' global portfolio and
delivered to terminals on India's west coast, will primarily serve
GSPC's industrial customers. It will also supply Indian households
for domestic use, businesses, and service stations for vehicles
running on Compressed Natural Gas (CNG), such as
auto-rickshaws.
“We are delighted to have been chosen by GSPC to supply them
with LNG in India. This new deal underscores TotalEnergies'
leadership in the LNG domain and commitment to India’s energy
transition and security of supply,” said Gregory Joffroy, Senior
Vice President LNG at TotalEnergies.
“This agreement marks a major step towards reinforcing GSPC’s
strategy to secure competitive LNG on a long-term basis, helping to
bridge the growing natural gas demand-supply deficit in Gujarat and
across India. Partnering with TotalEnergies, one of the largest LNG
players in the world, aligns with GSPC’s strategy to build up its
long-term portfolio and become a leading Indian player in gas
trading”, said Milind Torawane, Managing Director at GSPC.
“This deal will further strengthen GSPC’s portfolio and its
operations in the gas value chain, leveraging GSPC Group’s
transmission and distribution infrastructure.”
In India, natural gas will play a pivotal role in the energy
transition. As a cleaner alternative for industrial activities,
cooking and transportation, it enhances air quality by reducing
greenhouse gas emissions and pollution.
***
About Gujarat State Petroleum Corporation Limited
Gujarat State Petroleum Corporation Limited, a Government of
Gujarat company, is one of India’s leading oil and gas companies.
GSPCL is also one of the largest gas trading companies in India and
is a part of GSPC Group which has significant presence across the
gas value chain in the LNG terminal, gas transmission, gas
distribution and power generation businesses. In Gujarat, GSPC,
along with its other group companies, supplies one-third of the
natural gas demand in the State of Gujarat, catering to 2.3 million
households and 20,000 industrial and commercial clients, and
operates over 800 CNG stations.
For further information, please visit: www.gspcgroup.com
About TotalEnergies
TotalEnergies is a global integrated energy company that
produces and markets energies: oil and biofuels, natural gas and
green gases, renewables and electricity. Our more than 100,000
employees are committed to provide as many people as possible with
energy that is more reliable, more affordable and more sustainable.
Active in about 120 countries, TotalEnergies places sustainability
at the heart of its strategy, its projects and its operations.
TotalEnergies, the world’s third largest LNG player
TotalEnergies is the world’s third largest LNG player with a
global portfolio of 40 Mt/y in 2024 thanks to its interests in
liquefaction plants in all geographies. The Company benefits from
an integrated position across the LNG value chain, including
production, transportation, access to more than 20 Mt/y of
regasification capacity in Europe, trading, and LNG bunkering.
TotalEnergies’ ambition is to increase the share of natural gas in
its sales mix to close to 50% by 2030, to reduce carbon emissions
and eliminate methane emissions associated with the gas value
chain, and to work with local partners to promote the transition
from coal to natural gas.
@TotalEnergies TotalEnergies TotalEnergies
TotalEnergies
Cautionary Note
The terms “TotalEnergies”, “TotalEnergies company” or “Company”
in this document are used to designate TotalEnergies SE and the
consolidated entities that are directly or indirectly controlled by
TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also
be used to refer to these entities or to their employees. The
entities in which TotalEnergies SE directly or indirectly owns a
shareholding are separate legal entities. This document may contain
forward-looking information and statements that are based on a
number of economic data and assumptions made in a given economic,
competitive and regulatory environment. They may prove to be
inaccurate in the future and are subject to a number of risk
factors. Neither TotalEnergies SE nor any of its subsidiaries
assumes any obligation to update publicly any forward-looking
information or statement, objectives or trends contained in this
document whether as a result of new information, future events or
otherwise. Information concerning risk factors, that may affect
TotalEnergies’ financial results or activities is provided in the
most recent Registration Document, the French-language version of
which is filed by TotalEnergies SE with the French securities
regulator Autorité des Marchés Financiers (AMF), and in the Form
20-F filed with the United States Securities and Exchange
Commission (SEC).
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GSPC Contacts Media & Investor Relations: +91 98250
05139 | devendra@gspc.in
TotalEnergies Contacts Media Relations: +33 (0)1 47 44 46
99 l presse@totalenergies.com l @TotalEnergiesPR Investor
Relations: +33 (0)1 47 44 46 46 l ir@totalenergies.com
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