South Korea: TotalEnergies Will Supply 200,000 Tons Per Year of LNG to HD Hyundai Chemical until 2033
TotalEnergies has signed a Heads of Agreement (HoA) with HD Hyundai Chemical to supply 200,000 tons of LNG per year for 7 years, starting from 2027. This agreement, with prices indexed to both Brent and Henry Hub, strengthens TotalEnergies' long-term position in South Korea, the world's third-largest LNG importing country.
The deal aligns with TotalEnergies' strategy to grow its long-term LNG sales and reduces its exposure to spot market gas prices. In Asia, LNG serves as a transition energy, mitigating the intermittency of renewable energy sources and reducing emissions when replacing coal in electricity generation.
TotalEnergies is the world's third largest LNG player with a global portfolio of 44 Mt/y in 2023. The company aims to increase the share of natural gas in its sales mix to close to 50% by 2030, focusing on reducing carbon emissions and eliminating methane emissions associated with the gas value chain.
TotalEnergies ha firmato un accordo preliminare (HoA) con HD Hyundai Chemical per fornire 200.000 tonnellate di GNL all'anno per 7 anni, a partire dal 2027. Questo accordo, con i prezzi indicizzati sia al Brent che all'Henry Hub, consolida la posizione a lungo termine di TotalEnergies in Corea del Sud, il terzo paese al mondo per importazione di GNL.
L'accordo si allinea con la strategia di TotalEnergies di aumentare le vendite di GNL a lungo termine e riduce l'esposizione ai prezzi del gas del mercato spot. In Asia, il GNL funge da energia di transizione, mitigando l'intermittenza delle fonti di energia rinnovabile e riducendo le emissioni quando sostituisce il carbone nella generazione di elettricità.
TotalEnergies è il terzo operatore globale di GNL con un portafoglio globale di 44 Mt/y nel 2023. L'azienda mira ad aumentare la quota di gas naturale nel proprio mix di vendite fino al 50% entro il 2030, concentrandosi sulla riduzione delle emissioni di carbonio e sull'eliminazione delle emissioni di metano associate alla catena del valore del gas.
TotalEnergies ha firmado un Acuerdo Preliminar (HoA) con HD Hyundai Chemical para suministrar 200,000 toneladas de GNL por año durante 7 años, a partir de 2027. Este acuerdo, con precios indexados tanto al Brent como al Henry Hub, refuerza la posición a largo plazo de TotalEnergies en Corea del Sur, el tercer país importador de GNL más grande del mundo.
El acuerdo se alinea con la estrategia de TotalEnergies de aumentar sus ventas de GNL a largo plazo y reduce su exposición a los precios del gas en el mercado spot. En Asia, el GNL actúa como una energía de transición, mitigando la intermitencia de las fuentes de energía renovable y reduciendo las emisiones al reemplazar el carbón en la generación de electricidad.
TotalEnergies es el tercer jugador de GNL más grande del mundo con un portafolio global de 44 Mt/año en 2023. La compañía tiene como objetivo aumentar la participación del gas natural en su mezcla de ventas a cerca del 50% para 2030, enfocándose en reducir las emisiones de carbono y eliminar las emisiones de metano asociadas con la cadena de valor del gas.
TotalEnergies는 HD 현대 화학과의 합의를 통해 연간 20만 톤의 액화 천연 가스(LNG)를 2027년부터 7년 동안 공급하기로 하였습니다. 이 계약은 Brent와 Henry Hub에 가격이 연동되어 있으며, 한국은 세계에서 세 번째로 큰 LNG 수입국인 TotalEnergies의 장기적인 입지를 강화합니다.
이번 거래는 TotalEnergies의 장기 LNG 판매 확대 전략과 일치하며, 스팟시장 가스 가격에 대한 노출을 줄입니다. 아시아에서는 LNG가 전환 에너지원으로서의 역할을 하며, 재생 가능 에너지원의 불규칙성을 완화하고 석탄을 전력 생산에서 대체함으로써 배출가스를 줄입니다.
TotalEnergies는 2023년 기준으로 전 세계 44 Mt/y의 포트폴리오를 보유한 세계에서 세 번째로 큰 LNG 플레이어입니다. 회사는 2030년까지 판매 믹스에서 천연 가스 비율을 50%에 가까운 수준으로 증가시키는 것을 목표로 하며, 탄소 배출을 줄이고 가스 가치 사슬과 관련된 메탄 배출을 제거하는 데 집중하고 있습니다.
TotalEnergies a signé un Accord-Cadre (HoA) avec HD Hyundai Chemical pour fournir 200 000 tonnes de GNL par an pendant 7 ans, à partir de 2027. Cet accord, avec des prix indexés à la fois sur le Brent et le Henry Hub, renforce la position à long terme de TotalEnergies en Corée du Sud, le troisième pays importateur de GNL au monde.
Cette entente s'inscrit dans la stratégie de TotalEnergies de développer ses ventes de GNL à long terme et de réduire son exposition aux prix du gaz sur le marché spot. En Asie, le GNL agit comme une énergie de transition, atténuant l'intermittence des sources d'énergies renouvelables et réduisant les émissions en remplaçant le charbon dans la production d'électricité.
TotalEnergies est le troisième acteur mondial du GNL avec un portefeuille mondial de 44 Mt/an en 2023. L'entreprise vise à porter la part du gaz naturel dans son mix de ventes à près de 50 % d'ici 2030, en se concentrant sur la réduction des émissions de carbone et l'élimination des émissions de méthane associées à la chaîne de valeur du gaz.
TotalEnergies hat eine Heads of Agreement (HoA) mit HD Hyundai Chemical unterzeichnet, um 200.000 Tonnen LNG pro Jahr über einen Zeitraum von 7 Jahren ab 2027 zu liefern. Diese Vereinbarung, bei der die Preise sowohl an Brent als auch an Henry Hub gekoppelt sind, stärkt die langfristige Position von TotalEnergies in Südkorea, dem drittgrößten LNG-Importeur der Welt.
Der Deal stimmt mit der Strategie von TotalEnergies überein, die langfristigen LNG-Verkäufe auszubauen und die Abhängigkeit von Spotmarktgaspreisen zu verringern. In Asien dient LNG als Übergangsenergiequelle, die die Unregelmäßigkeit erneuerbarer Energiequellen mildert und die Emissionen verringert, wenn Kohle in der Stromerzeugung ersetzt wird.
TotalEnergies ist der drittgrößte LNG-Anbieter der Welt mit einem globalen Portfolio von 44 Mt/Jahr im Jahr 2023. Das Unternehmen plant, den Anteil von Erdgas an seinem Verkaufsportfolio bis 2030 auf nahezu 50% zu erhöhen und sich dabei auf die Reduzierung von Kohlenstoffemissionen und die Beseitigung von Methanemissionen in der gesamten Gaskette zu konzentrieren.
- Secured long-term LNG supply agreement for 200,000 tons per year until 2033
- Strengthened position in South Korea, the world's third-largest LNG importing country
- Reduced exposure to spot market gas prices
- Aligned with strategy to grow long-term LNG sales
- Maintained position as world's third largest LNG player with 44 Mt/y global portfolio
- None.
Insights
In line with its strategy to grow its long-term liquefied natural gas (LNG) sales, TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces the signing of a Heads of Agreement (HoA) with HD Hyundai Chemical for the delivery of 200,000 tons of LNG per year for 7 years starting from 2027.
Thanks to this agreement, with prices indexed both to Brent and Henry Hub, TotalEnergies strengthens its long-term position in
“We are pleased with this agreement with HD Hyundai Chemical, which will supply natural gas to one of their industrial sites. This agreement allows us to continue securing long-term sales in
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TotalEnergies, the world’s third largest LNG player
TotalEnergies is the world’s third largest LNG player with a global portfolio of 44 Mt/y in 2023 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
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.
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