French energy company Total said it agreed to supply the Chinese market with an additional 1 million tons of LNG per year under the terms of a deal with CNOOC.
Total under the terms of an existing 15-year contract with China National Office Oil Corp. supplies the Chinese market with 1 million tons of liquified natural gas per year. Total said it would review the price arrangement on existing supplies and supply another 1 million tons of LNG per year under the terms of the new cooperation agreement.