LNG

Oct 22 (LNGJ) - French energy major Total and China National Offshore Oil Corp. have signed an amendment to their existing sale and purchase agreement for liquefied natural gas supply. They have increased the contract volume from 1 million tonnes per annum to 1.5 MTPA of LNG, sourced from Total’s global portfolio and have extended the term of the contract to 20 years. The first long-term contract was signed in 2008, with an annual volume of 1 MTPA for a period of 15 years. “We are delighted to strengthen our partnership with CNOOC to expand our presence in the Chinese LNG market, which grew by 50 percent over the first half of 2018, and will continue to drive the increase of LNG demand over the next decade,” said Philippe Sauquet, Total’s President of Gas, Renewables and Power.