TotalEnergies to supply 900,000 t/yr LNG to Jiangsu Guoxin for 15 years
- TotalEnergies signed a Head of Agreement to deliver 900,000 tonnes of LNG per year to Jiangsu Guoxin Group.
- Supply is due to start in 2028 and run for 15 years, subject to final SPAs.
- Volumes will be delivered to the new Rudong LNG terminal for city gas supply and flexible power generation.
- The deal expands TotalEnergies' long-term LNG sales portfolio in China and targets energy security in Jiangsu, China’s second-largest province by GDP and gas consumption.
Deal outline
TotalEnergies has signed a Head of Agreement with Jiangsu Guoxin Group for the delivery of 900,000 tonnes of LNG per year. The agreement is subject to finalisation of the sales and purchase agreements (SPAs) and is set to start in 2028 for a 15‑year term.
Delivery point and use
Volumes will be delivered to Jiangsu Guoxin Group's new LNG terminal in Rudong and allocated for city gas supply and flexible power generation, aimed at securing supply and meeting peak demand across Jiangsu Province.
Strategic context
The transaction expands TotalEnergies' long‑term LNG sales portfolio in China, one of the world’s largest and fastest‑growing LNG markets. Jiangsu is highlighted as China’s second‑largest province by both GDP and natural gas consumption volume.
Counterparty statements
TotalEnergies said the agreement reflects its integrated LNG model and capacity to deliver reliable, competitive and flexible supply despite recent disruptions. Jiangsu Guoxin described the deal as strengthening provincial gas supply security, improving infrastructure efficiency and supporting Jiangsu’s energy and decarbonisation objectives.
Source: TotalEnergies