India: TotalEnergies to Supply GSPC with 400,000 Tons of LNG per year from 2026
TotalEnergies has signed a significant 10-year Sale and Purchase Agreement (SPA) with Gujarat State Petroleum (GSPC) during the India Energy Week in New Delhi. Starting in 2026, TotalEnergies will supply GSPC with 400,000 tons of LNG annually, equivalent to six cargoes per year.
The LNG will be sourced from TotalEnergies' global portfolio and delivered to India's west coast terminals. The supply will primarily serve GSPC's industrial customers, Indian households for domestic use, businesses, and CNG service stations for vehicles like auto-rickshaws.
This agreement strengthens GSPC's strategy to secure competitive long-term LNG supply and address India's growing natural gas demand-supply deficit, particularly in Gujarat. The deal positions GSPC to become a leading Indian player in gas trading while supporting India's energy transition through natural gas as a cleaner alternative for industrial activities, cooking, and transportation.
TotalEnergies ha firmato un importante contratto di Vendita e Acquisto (SPA) della durata di 10 anni con la Gujarat State Petroleum (GSPC) durante l'India Energy Week a Nuova Delhi. A partire dal 2026, TotalEnergies fornirà a GSPC 400.000 tonnellate di GNL all'anno, equivalenti a sei carichi all'anno.
Il GNL sarà prelevato dal portafoglio globale di TotalEnergies e consegnato ai terminal sulla costa occidentale dell'India. La fornitura servirà principalmente i clienti industriali di GSPC, le famiglie indiane per uso domestico, le aziende e le stazioni di servizio CNG per veicoli come i risciò.
Questo accordo rafforza la strategia di GSPC per garantire una fornitura competitiva di GNL a lungo termine e affrontare il crescente deficit di domanda e offerta di gas naturale in India, in particolare in Gujarat. L'accordo posiziona GSPC come un attore di riferimento nel commercio del gas in India, sostenendo la transizione energetica del paese attraverso il gas naturale come alternativa più pulita per le attività industriali, la cucina e i trasporti.
TotalEnergies ha firmado un importante contrato de Venta y Compra (SPA) por 10 años con Gujarat State Petroleum (GSPC) durante la India Energy Week en Nueva Delhi. A partir de 2026, TotalEnergies suministrará a GSPC 400,000 toneladas de GNL anualmente, equivalentes a seis cargamentos por año.
El GNL será obtenido del portafolio global de TotalEnergies y entregado a los terminales de la costa oeste de India. El suministro servirá principalmente a los clientes industriales de GSPC, a los hogares indios para uso doméstico, a las empresas y a las estaciones de servicio de CNG para vehículos como los auto-rickshaws.
Este acuerdo refuerza la estrategia de GSPC para asegurar un suministro competitivo de GNL a largo plazo y abordar el creciente déficit entre la demanda y la oferta de gas natural en India, especialmente en Gujarat. El acuerdo posiciona a GSPC como un jugador líder en el comercio de gas en India, al tiempo que apoya la transición energética del país mediante el gas natural como una alternativa más limpia para las actividades industriales, la cocina y el transporte.
TotalEnergies는 뉴델리에서 열린 인도 에너지 주간 동안 Gujarat State Petroleum (GSPC)와 10년간의 판매 및 구매 계약(SPA)를 체결했습니다. 2026년부터 TotalEnergies는 GSPC에 연간 40만 톤의 LNG를 공급하며, 이는 연간 6회의 화물에 해당합니다.
LNG는 TotalEnergies의 글로벌 포트폴리오에서 조달되어 인도의 서부 해안 터미널에 전달됩니다. 이 공급은 주로 GSPC의 산업 고객, 인도 가정의 가정용, 기업 및 오토리크샤와 같은 차량을 위한 CNG 주유소에 사용됩니다.
이 계약은 GSPC의 경쟁력 있는 장기 LNG 공급을 확보하고, 특히 Gujarat에서 인도의 증가하는 천연가스 수요-공급 불균형을 해결하는 데 도움이 됩니다. 이 거래는 GSPC를 인도 가스 거래의 주요 플레이어로 자리매김하게 하며, 산업 활동, 요리 및 운송을 위한 더 깨끗한 대안으로서 천연가스를 통해 인도의 에너지 전환을 지원합니다.
TotalEnergies a signé un important Contrat de Vente et d'Achat (SPA) de 10 ans avec Gujarat State Petroleum (GSPC) lors de l'India Energy Week à New Delhi. À partir de 2026, TotalEnergies fournira à GSPC 400 000 tonnes de GNL par an, ce qui équivaut à six cargaisons par an.
Le GNL sera extrait du portefeuille mondial de TotalEnergies et livré aux terminaux de la côte ouest de l'Inde. L'approvisionnement servira principalement les clients industriels de GSPC, les ménages indiens pour un usage domestique, les entreprises et les stations-service CNG pour des véhicules comme les auto-rickshaws.
Ce contrat renforce la stratégie de GSPC pour sécuriser un approvisionnement compétitif en GNL à long terme et répondre au déficit croissant entre l'offre et la demande de gaz naturel en Inde, en particulier au Gujarat. L'accord positionne GSPC comme un acteur majeur du commerce du gaz en Inde, tout en soutenant la transition énergétique du pays à travers le gaz naturel comme alternative plus propre pour les activités industrielles, la cuisine et le transport.
TotalEnergies hat während der India Energy Week in Neu-Delhi einen bedeutenden 10-jährigen Kauf- und Verkaufsvertrag (SPA) mit Gujarat State Petroleum (GSPC) unterzeichnet. Ab 2026 wird TotalEnergies GSPC jährlich 400.000 Tonnen LNG liefern, was sechs Lieferungen pro Jahr entspricht.
Das LNG wird aus dem globalen Portfolio von TotalEnergies bezogen und an die Terminals an der Westküste Indiens geliefert. Die Lieferung dient hauptsächlich den Industriekunden von GSPC, indischen Haushalten für den Hausgebrauch, Unternehmen und CNG-Tankstellen für Fahrzeuge wie Auto-Rickshaws.
Diese Vereinbarung stärkt die Strategie von GSPC, eine wettbewerbsfähige langfristige LNG-Versorgung zu sichern und die wachsende Nachfrage- und Angebotslücke von Erdgas in Indien, insbesondere in Gujarat, zu schließen. Der Deal positioniert GSPC als führenden indischen Akteur im Gashandel und unterstützt den Energiewandel Indiens durch Erdgas als sauberere Alternative für industrielle Aktivitäten, Kochen und Transport.
- Secured 10-year LNG supply agreement with GSPC starting 2026
- Contract volume of 400,000 tons of LNG annually
- Strengthens TotalEnergies' position in India's growing energy market
- Expands presence in strategic Asian LNG market
- None.
Insights
This decade-long LNG supply agreement marks a strategic expansion of TotalEnergies' presence in India's rapidly growing gas market. The commitment to supply 400,000 tons annually represents a calculated move to secure long-term market share in what is projected to be one of the world's fastest-growing LNG import markets.
The deal's timing is particularly strategic, commencing in 2026 when global LNG markets are expected to stabilize following the current wave of new liquefaction capacity additions. By securing this agreement now, TotalEnergies positions itself advantageously in India's evolving energy landscape, where natural gas demand is projected to grow at 6-7% annually through 2030.
For GSPC, this agreement provides important supply security and portfolio diversification. The specified volume, equivalent to six cargoes per year, offers flexibility in managing seasonal demand variations while serving multiple end-user segments - from industrial customers to CNG vehicles. This multi-sector approach aligns perfectly with India's strategy to increase natural gas's share in its energy mix from current 6.7% to 15% by 2030.
The agreement's structure, leveraging TotalEnergies' global portfolio for sourcing, provides operational flexibility and supply security. This arrangement allows TotalEnergies to optimize its global LNG portfolio while ensuring reliable deliveries to India's west coast terminals, strategically positioned near Gujarat's high-demand industrial clusters.
TotalEnergies SE (Paris:TTE) (LSE:TTE) (NYSE:TTE):
During a ceremony held in
The LNG, sourced from TotalEnergies' global portfolio and delivered to terminals on
“We are delighted to have been chosen by GSPC to supply them with LNG in
“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
In
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About Gujarat State Petroleum Corporation Limited
Gujarat State Petroleum Corporation Limited, a Government of
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
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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. 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).
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GSPC Contacts
Media & Investor Relations: +91 98250 05139 | devendra@gspc.in
TotalEnergies Contacts
Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com l @TotalEnergiesPR
Investor Relations: +33 (0)1 47 44 46 46 l ir@totalenergies.com
Source: TOTALENERGIES SE
FAQ
How much LNG will TotalEnergies (TTE) supply to GSPC annually from 2026?
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