TotalEnergies Partners with GSPC for Long-Term LNG Supply to Support India’s Energy Transition

TotalEnergies Partners with GSPC for Long-Term LNG Supply to Support India’s Energy Transition

(IN BRIEF) TotalEnergies and Gujarat State Petroleum Corporation Limited (GSPC) have signed a ten-year Sale and Purchase Agreement, under which TotalEnergies will supply GSPC with 400,000 tons of liquefied natural gas (LNG) annually starting in 2026. The LNG will primarily support GSPC’s industrial customers but will also benefit Indian households, businesses, and service stations supplying Compressed Natural Gas (CNG)-powered vehicles. This agreement strengthens GSPC’s LNG portfolio and supports India’s energy transition by promoting cleaner energy solutions.

(PRESS RELEASE) PARIS, 12-Feb-2025 — /EuropaWire/ — At a ceremony in New Delhi during the India Energy Week, TotalEnergies and Gujarat State Petroleum Corporation Limited (GSPC), a state-owned oil and gas enterprise, announced a significant long-term Sale and Purchase Agreement (SPA). Starting in 2026, the agreement will see TotalEnergies deliver 400,000 tons of liquefied natural gas (LNG) to GSPC, equating to six cargoes per year over a ten-year period.

The LNG, which will be sourced from TotalEnergies’ extensive global portfolio, is set to be delivered to terminals along India’s west coast. The primary beneficiaries of this supply will be GSPC’s industrial customers, although it will also support Indian households, businesses, and service stations that supply Compressed Natural Gas (CNG)-powered vehicles, such as auto-rickshaws.

Gregory Joffroy, Senior Vice President LNG at TotalEnergies, expressed enthusiasm about the partnership, stating, “We are proud to have been chosen by GSPC as a trusted LNG supplier in India. This agreement highlights TotalEnergies’ position as a leader in the LNG market and reflects our commitment to supporting India’s energy transition and ensuring long-term energy security.”

Milind Torawane, Managing Director at GSPC, emphasized the importance of this agreement in addressing India’s growing natural gas demand. He remarked, “This partnership with TotalEnergies represents a major advancement in GSPC’s strategy to secure reliable LNG supplies for the long term. It will help bridge the widening supply gap in Gujarat and across India, while aligning with GSPC’s goal of becoming a major player in the gas trading sector. This deal also strengthens our operations by leveraging GSPC Group’s transmission and distribution infrastructure.”

Natural gas is increasingly viewed as a vital part of India’s energy transition. As a cleaner alternative to other fuels, it supports a wide range of activities, from industrial operations to cooking and transportation, helping to reduce both greenhouse gas emissions and air pollution.

About Gujarat State Petroleum Corporation Limited

Gujarat State Petroleum Corporation Limited, a Government of Gujarat company, is one of India’s leading oil and gas companies. GSPCL is also one of the largest gas trading companies in India and is a part of GSPC Group which has significant presence across the gas value chain in the LNG terminal, gas transmission, gas distribution and power generation businesses. In Gujarat, GSPC, along with its other group companies, supplies one-third of the natural gas demand in the State of Gujarat, catering to 2.3 million households and 20,000 industrial and commercial clients, and operates over 800 CNG stations.
For further information, please visit: www.gspcgroup.com

About TotalEnergies

TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to provide as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations.

TotalEnergies, the world’s third largest LNG player

TotalEnergies is the world’s third largest LNG player with a global portfolio of 40 Mt/y in 2024 thanks to its interests in liquefaction plants in all geographies. The Company benefits from an integrated position across the LNG value chain, including production, transportation, access to more than 20 Mt/y of regasification capacity in Europe, trading, and LNG bunkering. TotalEnergies’ ambition is to increase the share of natural gas in its sales mix to close to 50% by 2030, to reduce carbon emissions and eliminate methane emissions associated with the gas value chain, and to work with local partners to promote the transition from coal to natural gas.

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Cautionary Note
The terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. TotalEnergies SE has no liability for the acts or omissions of these entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activities is provided in the most recent Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).

Media Contact:

TotalEnergies:

Media Relations:
+33 (0)1 47 44 46 99
presse@totalenergies.com
@TotalEnergiesPR

Investor Relations:
+33 (0)1 47 44 46 46
ir@totalenergies.com

GSPC:

Media & Investor Relations:

+91 98250 05139
devendra@gspc.in

SOURCE: TotalEnergies