TotalEnergies (TTE) and the Gujarat State Petroleum Corporation, or GSPC, a state-owned oil and gas company, announced the signing of a long-term Sale and Purchase Agreement, SPA, for a term of ten years starting in 2026. Under this agreement, TotalEnergies will supply GSPC with 400,000 tons of liquefied natural gas, or LNG, amounting to six cargoes per year. The LNG, sourced from TotalEnergies’ global portfolio and delivered to terminals on India’s west coast, will primarily serve GSPC’s industrial customers. It will also supply Indian households for domestic use, businesses, and service stations for vehicles running on Compressed Natural Gas, or CNG, such as auto-rickshaws.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TTE:
- Balanced Outlook on TotalEnergies: Strategic Low-Carbon Transition and Market Risks Justify Hold Rating
- TotalEnergies SE: Balancing Near-Term Cash Flow Challenges with Long-Term Growth Potential
- TotalEnergies Earnings Call Highlights Growth and Challenges
- Trump Trade: China’s tariffs on U.S. could impact oil exports
- China’s tariffs on U.S. may cause oil exports to decline, Reuters says