{"url":"https://newsforagent.com/news/2026-11-04/totalenergies-jiangsu-guoxin-lng-agreement","markdown_url":"https://newsforagent.com/news/2026-11-04/totalenergies-jiangsu-guoxin-lng-agreement.md","title":"TotalEnergies Signs 15-Year LNG Deal With Jiangsu Guoxin","headline":"TotalEnergies to Supply 900,000 Tons of LNG a Year to Jiangsu Guoxin for 15 Years","description":"TotalEnergies signed a heads of agreement to deliver 900,000 tons of LNG a year to Jiangsu Guoxin's Rudong terminal for 15 years.","section":"Partnerships","published_at":"2026-11-04T07:51:54+00:00","modified_at":"2026-11-04T07:51:54+00:00","author":"News Desk","key_takeaways":["TotalEnergies signed a heads of agreement with Jiangsu Guoxin Group for 900,000 tons of LNG per year over 15 years, subject to finalizing the SPAs.","The volumes will go to Jiangsu Guoxin's new LNG terminal in Rudong for city gas supply and flexible power generation in Jiangsu.","Gregory Joffroy, Senior Vice President, LNG at TotalEnergies, said the agreement reflects the strength of the company's integrated LNG model."],"companies":[{"name":"TotalEnergies SE","is_primary":true,"profile_url":"https://akta.pro/company-profiles/0004vwa/totalenergies-se","website":"https://totalenergies.com"}],"source":{"publisher":"Business Wire","title":"China: TotalEnergies to Supply 900,000 Tons of LNG per Year to Jiangsu Guoxin Group for 15 Years","url":"https://www.businesswire.com/news/home/20261103781443/en/"},"other_sources":[],"tags":["Partnerships","TotalEnergies SE"],"body_markdown":"TotalEnergies signed a heads of agreement with Jiangsu Guoxin Group to deliver 900,000 tons of LNG per year for 15 years, with supply set to start in 2028 subject to finalization of the SPAs. [Business Wire](https://www.businesswire.com/news/home/20261103781443/en/) reported the agreement on November 4, 2026.\n\n## How the Jiangsu Guoxin Supply Deal Works\n\nThe volumes will be delivered to Jiangsu Guoxin Group's new LNG terminal in Rudong, where they will support city gas supply and flexible power generation. Jiangsu is China's second-largest province by both GDP and natural gas consumption volume, and the agreement is intended to help secure energy supply and meet peak demand across the province.\n\n[TotalEnergies](https://akta.pro/company-profiles/0004vwa/totalenergies-se) describes itself as the world's third-largest LNG player, with a global portfolio of 44 million tonnes in 2025 through interests in liquefaction plants in all geographies. The company holds access to more than 20 Mtpa of regasification capacity in Europe and aims to raise the share of natural gas in its sales mix to close to 50% by 2030.\n\nGregory Joffroy, Senior Vice President, LNG at TotalEnergies, said: \"We are very pleased to have entered into this long-term agreement with Jiangsu Guoxin Group, which reflects the strength of our integrated LNG model and our ability to build enduring partnerships with leading local Chinese counterparties.\" Joffroy added that the company's ability to keep delivering LNG despite major disruptions this year shows the resilience of its integrated global portfolio.\n\nZhang Wenxiang, Deputy General Manager of Jiangsu Guoxin Group, said: \"We are very pleased to partner with TotalEnergies, a leading global LNG supplier.\" Zhang said the agreement will strengthen the group's gas supply security and improve the operational efficiency of its infrastructure.\n\n## TotalEnergies' Gas Position in Abu Dhabi\n\nAccording to akta.pro [company records](https://akta.pro/company-data), TotalEnergies acquired a 10% participating interest in the Bab Gas Cap Concession in Abu Dhabi in June 2026, joining a consortium led by ADNOC with 60% alongside bp at 10%, CNPC at 8%, JODCO/INPEX at 5%, ZhenHua at 4% and GS Energy at 3%. The concession targets 1.5 billion cubic feet of gas per day from the Bab onshore field.\n\n## LNG Agreements Preceding the China Deal\n\nOn November 3, 2026, ADNOC Gas signed a five-year LNG supply agreement with TotalEnergies for up to 1.6 million tonnes, [The future of trading](https://akta.pro/news-signals) reported, with the deal expected to be significantly increased after integration of the Ruwas LNG project. That same day, Energyintel reported that TotalEnergies will not participate in the development of Abu Dhabi's first major unconventional gas project, according to multiple industry sources.\n\n## When the Rudong Deliveries Begin\n\nDeliveries under the Jiangsu Guoxin agreement are set to start in 2028 and run for 15 years, subject to the finalization of the SPAs.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}