Total and CNOOC amend LNG agreement

Published by David Rowlands, Editor
LNG Industry, Monday, 22 October 2018 09:00

Total and CNOOC have announced that they have signed an amendment to their existing LNG sale and purchase (SPA) agreement to strengthen their cooperation in the LNG business.

According to the statement, the parties have increased the contract volume from 1 million tpy to 1.5 million tpy of LNG, sourced from Total’s global LNG portfolio. The companies have also extended the term of the contract to 20 years.

The initial long-term LNG SPA was signed in 2008, with an annual contract volume of 1 million tpy for a 15-year period.

Philippe Sauquet, President Gas, Renewables and Power, said: “We are delighted to strengthen our partnership with CNOOC to expand our presence in the Chinese LNG market, which grew by 50% over the first half of 2018 and will continue to drive the increase of LNG demand over the next decade.”

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/22102018/total-and-cnooc-amend-lng-agreement/

Latham represents Venture Global in FID and financial close for Phase 2 of CP2 LNG

Monday 16 March 2026 09:30

Latham & Watkins have represented Venture Global, Inc. for the final investment decision and closing of a US$8.6 billion project financing for the second phase of the company’s third project, Venture Global CP2 LNG.

You might also like