The deals come after TotalEnergies announced the final investment decision (FID) for the Marsa liquefied natural gas (LNG) project. Credit: sylv1rob1/Shutterstock.

TotalEnergies has bolstered its presence in the Asian LNG market through new contracts with companies in India and South Korea.  

The French energy company has entered into a ten-year sales and purchase agreement with Indian Oil Corporation (IOCL), commencing in 2026.  

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The deal will see TotalEnergies supply up to 800,000 tonnes (t) per year of LNG to Indian company.  

Additionally, a five-year heads of agreement with Korea South-East Power will see the delivery of approximately 500,000t per year of LNG to South Korea, starting from 2027. 

These agreements are expected to enhance the company’s LNG delivery operations and secure medium-term outlets for its global supply portfolio. 

TotalEnergies senior vice-president of LNG Gregory Joffroy said: “We are delighted to have been selected by IOCL and Korea South-East Power to supply LNG to India and Korea. These contracts enable us to contribute to the energy security and transition of these countries, to which we have an enduring commitment.” 

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The deals come after TotalEnergies announced the FID for the Marsa LNG project in Oman in April.  

The Marsa LNG project is 80% owned by TotalEnergies and 20% by Oman state oil company OQ. 

Recently, TotalEnergies and its partners announced the FID for the second phase of the Atapu and Sépia offshore fields in Brazil’s Santos Basin.  

TotalEnergies holds a 15% stake in the Atapu field, operated by Petrobras with a 65.7% stake, and a 16.9% stake in the Sépia field, also operated by Petrobras with a 55.3% stake.