Total and CNOOC sign an agreement to supply LNG to China

Source: www.gulfoilandgas.com 6/16/2008, Location: Asia

Total signed a Memorandum of Understanding (MOU) with China National Offshore Oil Corporation (CNOOC). CNOOC Group President, Fu Chengyu, and Total Chief Executive Officer, Christophe de Margerie, signed the MOU on behalf of the two companies respectively. The aim of the two companies is to enhance wide-ranging cooperation in the areas of upstream, downstream and in the field of new energies.

As a first concrete application of the MOU, Total Gas and Power Limited (TGP) and CNOOC Corp. signed a Heads of Agreement (HOA) for the sale of Liquefied Natural Gas (LNG) by Total to CNOOC. Fu Chengyu and Christophe de Margerie witnessed the signing of the HOA between CNOOC Gas and Power Group President, Wang Jiaxiang, and Total Gas & Power President, Philippe Boisseau.

Under the terms of this agreement, up to 1 million tons of LNG will be delivered annually to the Chinese oil group starting in 2010. The gas will be sourced from Total’s global LNG portfolio, based on its participation in over 10 liquefaction projects worldwide, and on TGP’s trading activities.

The MOU will be one of the foundations for Total and CNOOC to explore further cooperation, in line with China’s priorities of energy security and sustainable development, by providing increased access to clean sources of energy, also a priority for Total. The HOA illustrates the confidence both parties have in the future of the Chinese natural gas industry. LNG imports will be decisive to secure its rapid growth, particularly in the coastal areas of China.


Canada >>  8/10/2022 - FortisBC Holdings Inc. (“FortisBC”) and Musqueam Indian Band (“Musqueam”) are announcing the signing of an agreement, which will result in the parties...
Congo >>  8/5/2022 - Eni informs that it has acquired the company Export LNG Ltd, which owns the Tango FLNG floating liquefaction facility, from Exmar group. The facility ...

France >>  8/3/2022 - Alternative data specialist QuantCube Technology announced the availability of the QuantCube Liquefied Natural Gas (LNG) Commodity Trade Indicator. By...
Canada >>  7/29/2022 - Pacific Energy Corporation Limited (Pacific Energy) and Enbridge Inc. (Enbridge or the Company) announced an agreement to jointly invest in the constr...

Italy >>  7/25/2022 - - The aim is to leverage on infrastructure and know-how of both companies, thereby contributing to decarbonisation of transport and off-grid users
United States >>  7/23/2022 - ION Commodities, the global leader in Energy and Commodity management solutions, is delighted that Golden Pass LNG, owned by affiliates of QatarEnergy...

Related Categories: Deodorization system  Gas dehydration  Gas sweetening  Gas Treating  General  GTL Processing  LNG Processing  LPG Domestic use  LPG Odorless  Packing  Phase Separation  Scrubbers 

Related Articles: Gas dehydration  Gas sweetening  Gas Treating  General  GTL Processing  LNG Processing  LPG Domestic use  LPG Odorless  Packing  Phase Separation  Scrubbers 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.