TotalEnergies will supply 1 million tonnes per year (tpy) of LNG annually to South Korea’s KOGAS starting in late 2027 under a 10‑year agreement, the French company announced on Tuesday.
The volume will increase to 3 million tpy from 2028, with supplies sourced primarily from TotalEnergies’ US LNG portfolio. The deal follows an international tender and aims to meet demand from Korean industries, businesses and households.
“We thank KOGAS for its trust in TotalEnergies’ ability to supply its Asian customers with reliable and competitive LNG,” TotalEnergies chairman and CEO Patrick Pouyanné said.
“This engagement reinforces our commitment to securing a stable LNG supply amid a rapidly changing global energy landscape,” KOGAS president and CEO Yeonhye Choi said.
TotalEnergies is the world’s third‑largest LNG player with a global portfolio of 40 million tpy as of 2024. The company holds interests in liquefaction plants worldwide and operates across the LNG value chain including production, transportation, regasification, trading and LNG bunkering.
In South Korea, TotalEnergies’ operations focus on long‑term LNG supply partnerships, supporting energy security and the transition from coal to gas.
TotalEnergies has significantly broadened its LNG footprint in 2025 by signing several long‑term agreements: a 20‑year purchase deal for 2 million tpy from Canada’s Ksi Lisims project—plus a% stake in Western LNG — is set to bolster supply diversification and tap low‑carbon LNG from British Columbia; in the Dominican Republic, a 15‑year supply agreement will deliver 400,000 tpy to ENADOM from mid‑2027 to support combined‑cycle power generation; in the USA, TotalEnergies executed a 20‑year sale and purchase agreement with NextDecade for 1.5 million tpy from Train 4 at the Rio Grande LNG facility; and in India, a 10‑year supply deal will see 400,000 tpy go to GSPC, primarily serving its industrial portfolio on India’s west coast.
Source: theenergyyear.com