Total of France and ArcelorMittal Nippon Steel (AMNS) have inked an agreement for the supply of up to 500,000 tonnes of liquefied natural gas (LNG) every year until 2026. The LNG would be sourced from Total’s global portfolio, and unloaded either at the Dahej or the Hazira LNG Terminal on the western coast of India. AMNS would use the LNG to run its steel and power plants located in Hazira, Gujarat state.
“We are pleased to partner with AMNS and to supply the growing industrial LNG demand in
India, a country that aims to more than double the share of natural gas in its energy mix by 2030 compared to today,” states Thomas Maurisse, senior vice president for LNG at Total.
“The supply of LNG will contribute to the reduction of AMNS’s carbon emissions, in line with Total’s ambition to offer its customers energy products that emit less CO2 and to support them in their own low-carbon strategies.”
The contract strengthens Total’s relationship with AMNS, and contributes to the decarbonization of India’s steel industry, which still depends heavily on coal.
Total is the world's second largest privately owned LNG player, aiming global sales of 50 million metric tonnes each year by 2025 and a global market share of around 10%. Thanks to its interests in liquefaction plants in Angola, Australia, Egypt, the United Arab Emirates, the United States, Nigeria, Norway, Oman, Russia and Qatar, the company markets LNG on all global markets. Total also benefits from strong and diversified positions throughout the LNG value chain, together with gas production, LNG transportation, and LNG trading.