Total, Cnooc sign LNG supply deal, reinforce strategic partnership

|By:, SA News Editor

Total (TOT) signs an agreement with Cnooc (CEO) to supply China with additional volumes of liquefied natural gas as well as develop future infrastructure for imports and distribution.

TOT has been supplying China with up to 1M tons/year of LNG since 2010; in addition to agreeing on a price review regarding existing supply, the companies agree to supply an additional 1M tons/year.