By Justus Ononogbo
During a ceremony held in New Delhi on the sidelines of the India Energy Week, TotalEnergies and the Gujarat State Petroleum Corporation Limited (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. Energy Window International had gathered that TotalEnergies, under this agreement, will be supplying GSPC with 400,000 tons of liquefied natural gas (LNG), amounting to six cargoes per year.
The Company has in its statement said that the LNG, (to be sourced from its global portfolio and delivered to terminals on India’s west coast) would primarily serve GSPC’s industrial customers. It is also expected to supply Indian households, businesses, and service stations especially for vehicles that run on Compressed Natural Gas (CNG) such as auto-rickshaws.
Gregory Joffroy, Senior Vice President LNG at TotalEnergies said: “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.”
“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. 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,” Milind Torawane, Managing Director at GSPC was also quoted to have said. “This deal will further strengthen GSPC’s portfolio and its operations in the gas value chain, leveraging GSPC Group’s transmission and distribution infrastructure.”