Total has signed a binding Heads of Agreement with ENN LNG Trading for the delivery of 500 000 tpy LNG for a period of 10 years. The deliveries will be sourced from Total’s global LNG portfolio and are expected to begin in 2018 upon completion of ENN’s Zhoushan LNG receiving terminal.
“Total is the first major to sign a binding LNG supply agreement with ENN, one of the largest natural gas distributors in China,” commented Laurent Vivier, President Gas at Total. “Building partnerships with new LNG buyers such as ENN in China allows us to grow our presence in this key LNG market.”
Total is a world leader in LNG, with solid and diversified positions along the entire value chain and LNG production of 10.2 million t in 2015.
ENN LNG Trading Company Limited is a subsidiary of ENN Energy Holdings Ltd, one of the largest natural gas distributors in China. ENN Energy Holdings operates in 146 cities across 17 provinces and autonomous regions, with over 11 million residential and 52 000 industrial/commercial customers. ENN’s Zhoushan LNG receiving terminal is under construction and expected to be in operation by 2018.
Adapted from press release by Rosalie Starling
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/04022016/total-to-supply-lng-to-chinas-enn-2369/