Singapore: TotalEnergies to Supply Sembcorp with 0.8 Mtpa of LNG for 16 Years
29 February 2024 - 6:15PM
Business Wire
Regulatory News:
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has signed a sale
and purchase agreement (SPA) with Sembcorp Fuels, a wholly owned
subsidiary of Singapore-based Sembcorp Industries. The deal entails
the delivery of up to 0.8 million tons of liquefied natural gas
(LNG) per annum (Mtpa) for a duration of sixteen years, commencing
in 2027. The LNG will be sourced from TotalEnergies’ global
portfolio. This new agreement adds to the companies’ current SPA,
which runs until 2029.
By supplying this additional LNG supply to Singapore,
TotalEnergies is contributing to the country’s energy security and
to its decarbonization goals. This deal also reflects
TotalEnergies’ commitment to supporting its customers in their
transition to greater sustainability.
***
TotalEnergies, the world’s third largest LNG player and
Europe's leading regasification operator TotalEnergies is the
world’s third largest LNG player with a market share of around 12%
and a global portfolio of about 50 Mt/y thanks to its interests in
liquefaction plants in all geographies. The Company benefits from
an integrated position across the LNG value chain, including
production, transportation, access to more than 20 Mt/y of
regasification capacity in Europe, trading, and LNG bunkering.
TotalEnergies’ ambition is to increase its LNG production and
long-term purchases by 50% by 2030, while continuing to reduce
carbon emissions and eliminating the methane emissions associated
with the gas value chain. The Company also works with local
partners to promote the transition from coal to natural gas.
About TotalEnergies TotalEnergies is a global
multi-energy company that produces and markets energies: oil and
biofuels, natural gas and green gases, renewables and electricity.
Our more than 100,000 employees are committed to energy that is
ever more affordable, more sustainable, more reliable and
accessible to as many people as possible. Active in nearly 130
countries, TotalEnergies puts sustainable development in all its
dimensions at the heart of its projects and operations to
contribute to the well-being of people.
@TotalEnergies - TotalEnergies - TotalEnergies
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Cautionary Note The terms “TotalEnergies”, “TotalEnergies
company” or “Company” in this document are used to designate
TotalEnergies SE and the consolidated entities that are directly or
indirectly controlled by TotalEnergies SE. Likewise, the words
“we”, “us” and “our” may also be used to refer to these entities or
to their employees. The entities in which TotalEnergies SE directly
or indirectly owns a shareholding are separate legal entities. This
document may contain forward-looking information and statements
that are based on a number of economic data and assumptions made in
a given economic, competitive and regulatory environment. They may
prove to be inaccurate in the future and are subject to a number of
risk factors. Neither TotalEnergies SE nor any of its subsidiaries
assumes any obligation to update publicly any forward-looking
information or statement, objectives or trends contained in this
document whether as a result of new information, future events or
otherwise. Information concerning risk factors, that may affect
TotalEnergies’ financial results or activities is provided in the
most recent Universal Registration Document, the French-language
version of which is filed by TotalEnergies SE with the French
securities regulator Autorité des Marchés Financiers (AMF), and in
the Form 20-F filed with the United States Securities and Exchange
Commission (SEC).
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