TotalEnergies and KOGAS, South Korea's national natural gas company, announced the signing of a Heads of Agreement (HoA) on September 9, 2025, for the annual delivery of 1 million tons of LNG per year over a 10-year period starting from the end of 2027. The contract was awarded to TotalEnergies by KOGAS following an international tender. The agreement increases to 3 million tons per year from 2028 onward the volume of LNG supplied by TotalEnergies to KOGAS, which is currently the world's largest LNG importer.

These additional LNG volumes will be delivered to Korean industries, businesses, and households.

Supply Sources and Portfolio Integration

The LNG volumes will come from TotalEnergies' global supply portfolio, particularly from its U.S. LNG production and offtake. This arrangement allows TotalEnergies to secure long-term outlets in Asia, consistent with the growth of its LNG supply, particularly from the United States. TotalEnergies operates as the world's third-largest LNG player with a global portfolio of 40 million tons per year in 2024, achieved through its interests in liquefaction plants across all geographies.

The company maintains an integrated position across the LNG value chain, including production, transportation, access to more than 20 million tons per year of regasification capacity in Europe, trading, and LNG bunkering.

Executive Statements on Strategic Partnership

Patrick Pouyanné, Chairman and CEO of TotalEnergies, expressed gratitude for KOGAS's trust in TotalEnergies' ability to supply Asian customers with reliable and competitive LNG through its global portfolio. He emphasized that the agreement enables TotalEnergies to secure long-term outlets in Asia, consistent with the growth of its LNG supply, particularly from the United States.

Yeonhye Choi, President and CEO of KOGAS, stated that finalizing the agreement with TotalEnergies enhances the economic value of their LNG portfolio and contributes to diversifying their sources of LNG supply. She noted that this engagement reinforces their commitment to securing a stable LNG supply amid a rapidly changing global energy landscape and expressed anticipation for further strengthening the relationship with TotalEnergies to support a sustainable LNG value chain.

TotalEnergies Corporate Profile and Strategic Direction

TotalEnergies operates as a global integrated energy company that produces and markets various forms of energy, including oil and biofuels, natural gas, biogas, and low-carbon hydrogen, renewables, and electricity. The company employs more than 100,000 people committed to providing energy that is more reliable, more affordable, and more sustainable to as many people as possible.

The company maintains active operations in approximately 120 countries, placing sustainability at the heart of its strategy, projects, and operations. TotalEnergies has set an ambition to increase the share of natural gas in its sales mix to close to 50% by 2030, while working to reduce carbon emissions and eliminate methane emissions associated with the gas value chain, and collaborating with local partners to promote the transition from coal to natural gas.

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