Total Signs Heads Of Agreement With China's ENN To Supply LNG - Quick Facts

(RTTNews) - Total SA (TTA.L, TTFNF.PK, TOT) Thursday said it has signed a binding Heads of Agreement with ENN LNG Trading for the delivery of 0.5 million tonnes per year of liquefied natural gas or LNG for a period of 10 years.

The deliveries will be sourced from Total's global LNG portfolio and are expected to begin in 2018 upon completion of ENN's Zhoushan LNG receiving terminal.

Laurent Vivier, President Gas at Total, said, "Total is the first major to sign a binding LNG supply agreement with ENN, one of the largest natural gas distributors in China. Building partnerships with new LNG buyers such as ENN in China allows us to grow our presence in this key LNG market."