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Name | Symbol | Market | Type |
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TOTAL SE | NYSE:TOT | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
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0.00 | 0.00% | 48.30 | 0 | 01:00:00 |
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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