TotalEnergies Enters LNG Supply Agreement with HD Hyundai Chemical for Sustainable Delivery
Tuesday, 24 September 2024, 08:51
TotalEnergies and HD Hyundai Chemical's Strategic Partnership
TotalEnergies has officially announced a breakthrough LNG supply agreement with South Korea's HD Hyundai Chemical. The deal ensures a steady delivery of 200,000 tons of liquefied natural gas (LNG) annually over the next seven years, starting from 2027. This partnership marks a significant milestone in TotalEnergies' dedication to supporting renewable energy initiatives and meeting the growing energy demands of South Korea.
Key Highlights of the Deal
- TotalEnergies secures 200,000 tons/year of LNG.
- The contract extends over a duration of seven years.
- Commencement of deliveries is scheduled for 2027.
- This agreement strengthens TotalEnergies' position in the Asian markets.
- It aligns with global trends towards cleaner energy sources.
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