LNG

TotalEnergies of France has signed a sale and purchase agreement (SPA) to supply 600,000 per annum of LNG over 15 years to South Korean company Hanwha Energy Corp., a utility company with gas-fired power and renewable assets

March 23 (LNGJ) - French major Total and China’s Shenergy Group, the leading energy player in the port of Shanghai, have signed binding agreements for the supply of up to 1.4 million tonnes per annum of LNG from Total, as well as the creation of a joint venture to expand LNG marketing in China. The joint venture, Total 49 percent and Shenergy 51 percent, will sell LNG supplied by Total to customers in Shanghai and throughout the neighbouring Yangtze River delta region.

   Additionally, Total will supply LNG to Shanghai Gas, the natural gas distribution subsidiary of Shenergy. “This deal with Shenergy Group is a great opportunity to partner with an experienced gas and LNG player with strong ambitions, as well as a unique entry point into the downstream LNG market in China,” said Stéphane Michel, President of Gas, Renewables and Power at Total.

March 9 (LNG) - French energy major Total has named a new head of its LNG division. Total said Stéphane Michel is the new President of Gas, Renewables & Power (GRP), a position previously held by Philippe Sauquet, who is retiring. Since January 2014, Michel had been Senior Vice President of the Middle East and North Africa Exploration and Production division. He now also joins the Total Executive Committee.

   “The Gas, Renewables & Power segment has a key role to play in the growth, value creation and transformation of Total into a broad energy company,” stated Patrick Pouyanné, Chairman and Chief Executive of Total. “We are very pleased to welcome Stéphane Michel to the Executive Committee,” added Pouyanné. “I would also like to thank very warmly Philippe Sauquet for his 30 years at Total, and the major role he has played since 2016 in the creation and sustained development of Total’s Gas, Renewables & Power segment,” stated the Total CEO.