TotalEnergies (TTE) and KOGAS, South Korea’s national natural gas company, announce the signing of a heads of agreement for the annual delivery in South Korea of 1M tons of LNG per year over a 10-year period starting from the end of 2027. Awarded to TotalEnergies by KOGAS following an international tender, this contract increases to 3M tons per year from 2028 onward the volume of LNG supplied by TotalEnergies to KOGAS, currently the world’s largest LNG importer. These additional LNG volumes will then be delivered to Korean industries, businesses, and households. They will come from TotalEnergies’ global supply portfolio, and particularly from its U.S. LNG production and offtake.
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