First LNG export project on Mexico's Pacific Coast advances towards full subscription of initial phase.
Agreement contemplates Total contracting for up to 9 million tpy across projects in Louisiana and Mexico.
Riyadh investment forum sees strategic and commercial collaborations formed, valued at more than US$34 billion.
The partners have increased the contract volume from 1 million tpy to 1.5 million tpy of LNG, sourced from Total’s global LNG portfolio, and have extended the term of contract to 20 years.
Amin H. Nasser, President and Chief Executive Officer of Saudi Aramco and Patrick Pouyanné, Chairman and Chief Executive Officer of Total, have signed the joint development agreement in Dhahran for the front-end engineering and design (FEED) of a giant petrochemical complex in Jubail, on Saudi Arabia’s eastern coast.
Under the long-term agreement, Total has developed a range of lubricant and grease products to meet the specifications of Kubota-branded equipment.