logo
Plus   Neg
Share
Email

Total, Guanghui Sign 10-yr LNG Sale And Purchase Deal - Quick Facts

Total (TTA.L,TOT) announced the company and Guanghui have signed a long-term sale and purchase agreement for the supply of 0.7 million tonnes per year of liquefied natural gas for a period of 10 years. The gas will be delivered to Guanghui's regasification terminal in Qidong, Jiangsu Province, from Total's global LNG portfolio.

"This new supply contract is in line with Total's strategy to expand its presence in the Chinese LNG market, which grew by over 41% in 2018 and will continue to be a key driver of the LNG markets growth in the future," said Laurent Vivier, Senior Vice-President Gas at Total.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Twitter has had preliminary talks with TikTok's Chinese owner ByteDance to buy the U.S. operations of the video-sharing app, the Wall Street Journal reported citing people familiar with the matter. Meanwhile, Microsoft has been the only company so far to say publicly it is pursuing TikTok. Pfizer said Friday it reached a multi-year deal with Gilead Sciences to manufacture and supply Gilead's investigational antiviral remdesivir for COVID-19 patients. Ferring Pharmaceuticals US is recalling various nasal sprays citing superpotency or amounts of desmopressin higher than specified, the U.S. Food and Drug Administration announced in a statement. The recall involves all lots on the market of DDAVP Nasal Spray 10 mcg/0.1mL, Desmopressin Acetate Nasal Spray 10 mcg/0.1mL, and STIMATE Nasal Spray 1.5 mg/mL.
Follow RTT