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TotalEnergies, South Korea's KOGAS sign 10-year LNG supply deal - Finance news and analysis from Global Banking & Finance Review
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TotalEnergies, South Korea's KOGAS sign 10-year LNG supply deal

Published by Global Banking & Finance Review

Posted on September 9, 2025

1 min read

· Last updated: September 9, 2025

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TotalEnergies, South Korea's KOGAS sign 10-year LNG supply deal

(Reuters) -TotalEnergies and South Korea's KOGAS have signed a 10-year agreement to deliver 1 million tons of liquefied natural gas (LNG) per year in South Korea starting in 2027, the French oil major said on Tuesday.

Financial details of the deal were not disclosed.

(Reporting by Gianluca Lo Nostro; Editing by)

Key Takeaways

  • TotalEnergies and KOGAS have signed a 10-year LNG supply deal.
  • The agreement involves delivering 1 million tons of LNG annually.
  • Supply to commence in South Korea starting in 2027.
  • Financial terms of the deal were not disclosed.
  • This deal strengthens energy cooperation between France and South Korea.

Frequently Asked Questions

What is the duration of the LNG supply agreement?
The agreement between TotalEnergies and KOGAS is set for 10 years.
How much LNG will be supplied annually?
The deal involves the delivery of 1 million tons of liquefied natural gas per year.
When will the LNG supply start?
The LNG supply is scheduled to commence in 2027.
Were the financial details of the deal disclosed?
No, the financial details of the agreement were not disclosed.

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