Total, CNOOC boost LNG partnership

Total, CNOOC boost LNG partnership

Total and China’s CNOOC on Monday said they have strengthened their existing partnership in the liquefied natural gas (LNG) sector to increase their output.

Total and CNOOC said they had agreed to increase the contract volume from 1 million tons per annum (Mtpa) to 1.5 Mtpa of LNG, sourced from Total’s global LNG portfolio, and added they had extended the term of contract to 20 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 Gas, Renewables & Power President.

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