French energy giant Total said Tuesday it has signed long-term LNG sale and purchase agreements with state-owned Indonesian company Pertamina.
Under the terms of the agreements, Total will buy from 2020 around 0.4 million tonnes per year of Pertamina’s contracted LNG volumes from Cheniere’s Corpus Christi project, currently under construction in the United States.
In parallel, Total will supply from its global portfolio to Pertamina a volume growing over time from 0.4 to 1 million tonnes per year of LNG over a period of 15 years from 2020, Total said.
These agreements allow Total to further expand its cooperation with Pertamina and to “enhance both companies’ LNG portfolios,” said Laurent Vivier, President Gas at Total.
“Strengthening our presence in Asia, in particular through innovative relationships with new LNG buyers such as Pertamina, is an important part of our strategy,” Vivier added. Source: LNG World News