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TOT TOTAL SE

48.30
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Name Symbol Market Type
TOTAL SE NYSE:TOT NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 48.30 0 01:00:00

Total, Shenergy Group Sign LNG Supply, Sale Agreements in China

23/03/2021 7:54am

Dow Jones News


TOTAL (NYSE:TOT)
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By Mauro Orru

 

Total SE said Tuesday that it has signed agreements with Shanghai-based state-owned Shenergy Group Co. for the supply of liquefied natural gas and the creation of a joint venture for the sale of LNG in China.

The French oil-and-gas major said one of the agreements is for the supply of up to 1.4 million tons a year of LNG from Total, which will also supply LNG to Shanghai Gas, the natural gas subsidiary of Shenergy Group.

The other agreement is for the creation of a joint venture--in which Total will own 49% and Shenergy Group 51%--for the sale of LNG in Shanghai and throughout the neighboring Yangtze River Delta regions.

 

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

 

(END) Dow Jones Newswires

March 23, 2021 03:39 ET (07:39 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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