PRESS RELEASE


China: TotalEnergies will supply
2 million tons of LNG per year to Sinopec for 15 years

Paris/Shanghai, November 4, 2024 – As part of its strategy to grow its Liquefied Natural Gas
(LNG) business, TotalEnergies announces today the signing of a sales agreement (HoA) with
Sinopec for the delivery of 2 million tons of LNG per year for 15 years, starting in 2028.

Thanks to this major agreement with one of the leading LNG players in the country,
TotalEnergies strengthens its long-term position in the LNG market in China, the largest market
in the world. This agreement comes within the strategic cooperation agreement signed earlier
this year between TotalEnergies and Sinopec during President Xi Jinping’s state visit to
France. In China, natural gas is a key component of the energy transition as it mitigates the
intermittency of rapidly growing renewable energies and helps reduce greenhouse gas
emissions when it replaces coal in electricity production.

“We are delighted to have been chosen by Sinopec to supply 2 million tons of LNG to China,
the largest LNG importing country in the world. This new agreement demonstrates the
competitiveness of TotalEnergies’ LNG business and allows us to continue growing our long-
term sales in Asia,” said Stéphane Michel, President Gas, Renewables & Power at
TotalEnergies.

Mr. Niu Shuanwen, Senior Vice President of Sinopec Corporation, said “Sinopec and
TotalEnergies are strategic partners. This HoA further strengthens the cooperation between
the two companies in natural gas. Natural gas is an important enabler for realizing energy
transition and dual carbon goals. Sinopec is committed to building the world's leading clean
energy and chemical company and will continue to promote energy transition and the clean,
diversified and secure supply of energy. Sinopec strives to make positive contributions to
global energy governance and climate change.”


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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 Europe, trading, and LNG bunkering. TotalEnergies’ ambition is to increase
the share of natural gas in its sales mix to close to 50% by 2030, to reduce carbon emissions and
eliminate methane emissions associated with the gas value chain, and to work with local partners to
promote the transition from coal to natural gas.

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 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



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