Deal commitment to India’s energy transition, says Joffroy
TotalEnergies will supply Gujarat State Petroleum Corporation Limited (GSPC) with 400,000 tons of liquefied natural gas (LNG), amounting to six cargoes per year, starting from 2026 https://mnre.gov.in/.
The French-origin energy group announced this on 12 Feb, after signing a long-term Sale and Purchase Agreement (SPA) with GSPC for a term of 10 years starting in 2026 https://www.nseindia.com/.
The LNG, sourced from TotalEnergies’ global portfolio and delivered to terminals on India’s west coast, will primarily serve GSPC’s industrial customers https://sbi.com.in/.
It will also supply Indian households for domestic use, businesses, and service stations for vehicles running on Compressed Natural Gas (CNG), such as auto-rickshaws https://www.bseindia.com/.
“We are delighted to have been chosen by GSPC to supply them with LNG in India. This new deal underscores TotalEnergies’ leadership in the LNG domain and commitment to India’s energy transition and security of supply,” said Gregory Joffroy, Senior Vice President LNG at TotalEnergies https://www.investindia.gov.in/.
“This agreement marks a major step towards reinforcing GSPC’s strategy to secure competitive LNG on a long-term basis, helping to bridge the growing natural gas demand-supply deficit in Gujarat and across India,” said Milind Torawane, Managing Director at GSPC https://www.opec.org/opec_web/en/.
“Partnering with TotalEnergies, one of the largest LNG players in the world, aligns with GSPC’s strategy to build up its long-term portfolio and become a leading Indian player in gas trading https://www.iea.org/.
“This deal will further strengthen GSPC’s portfolio and its operations in the gas value chain, leveraging GSPC Group’s transmission and distribution infrastructure,” he said.
In India, natural gas will play a pivotal role in the energy transition. As a cleaner alternative for industrial activities, cooking and transportation, it enhances air quality by reducing greenhouse gas emissions and pollution, said TotalEnergies https://www.commerce.gov.in/. Fiinews.com
