The volumes are slated for delivery to the Jiangsu Guoxin Group’s new LNG terminal in Rudong. By securing this long-term supply, the state-owned Chinese enterprise seeks to improve the operational efficiency of its infrastructure while addressing peak energy demand in a region that ranks as one of the country's most significant consumers of natural gas.
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TotalEnergies Secures 15-Year LNG Supply Deal for China's Jiangsu Province
A new agreement between French energy giant TotalEnergies and Jiangsu Guoxin Group will see the delivery of 900,000 tons of liquefied natural gas annually to China starting in 2028. The 15-year partnership aims to bolster energy security in the nation's second-largest provincial economy by supporting power generation and city gas supplies.
Gregory Joffroy, Senior Vice President of LNG at TotalEnergies, noted that the deal underscores the resilience of the company’s integrated global portfolio. For the French firm, the contract expands its presence in China, a market identified as one of the fastest-growing regions for LNG imports. Zhang Wenxiang, Deputy General Manager of Jiangsu Guoxin Group, added that the collaboration aligns with the province’s broader energy security strategy and its transition toward carbon neutrality, helping to replace coal-based power with more flexible gas supplies.
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