Total Signs Long-Term Deals To Supply LNG To Indonesia's Pertamina - Quick Facts

(RTTNews) - Total SA (TTA.L, TTFNF.PK, TOT) Tuesday said it has signed long-term liquefied natural gas or LNG sale and purchase agreements with state-owned Indonesian company Pertamina for the supply of LNG volumes increasing from 0.4 to 1 million tonnes per year over a period of 15 years beginning 2020.

Under the terms of the agreements, Total will purchase from 2020 around 0.4 million tonnes per year of Pertamina's contracted LNG volumes from Corpus Christi LNG, currently under construction in the United States.

In parallel, Total will supply from its global portfolio to Pertamina a volume growing over time from 0.4 to 1 million tonnes per year of LNG.

Laurent Vivier, President Gas at Total, said, "These agreements allow the Group to further expand its longstanding cooperation with Pertamina and to enhance both companies' LNG portfolios. Strengthening our presence in Asia, in particular through innovative relationships with new LNG buyers such as Pertamina, is an important part of our strategy."