TotalEnergies Expands LNG Footprint in Asia with Long-Term South Korea Contracts

Photo Credit: TotalEnergies

Seoul, South Korea | 9 September 2025  — TotalEnergies has taken another decisive step in consolidating its leadership in the global LNG market, strengthening its footprint in Asia through two major supply contracts with South Korean partners. The deals underscore both the region’s growing appetite for reliable, cleaner energy sources and TotalEnergies’ strategic ambition to expand its LNG portfolio across high-demand markets.

In a landmark agreement, TotalEnergies signed a 10-year contract/Heads of Agreement with KOGAS, committing to deliver 1 million tons of LNG annually starting in 2026. This partnership not only ensures long-term supply stability for KOGAS—one of the world’s largest LNG importers—but also reinforces South Korea’s efforts to diversify its energy sources while reducing carbon intensity in its power and industrial sectors.

Complementing this major deal, TotalEnergies has secured another medium-term contract with HD Hyundai Chemical, under which it will supply 200,000 tons of LNG per year until 2033. The agreement highlights LNG’s expanding role beyond power generation, serving as a critical feedstock for South Korea’s petrochemical sector and aligning with industrial players’ needs for stable, lower-carbon energy sources.

These two deals follow TotalEnergies’ broader regional growth strategy, which aims to secure long-term partnerships in Asia, home to the fastest-growing demand for LNG globally. By diversifying supply routes and enhancing delivery flexibility, the company is positioning itself as a reliable partner for energy security in markets navigating both energy transition goals and industrial competitiveness.

For South Korea, the agreements arrive at a pivotal moment. As the country balances its net-zero commitments with its heavy reliance on imported fuels, LNG remains central to ensuring energy stability while reducing dependence on coal. TotalEnergies’ supply contracts provide the assurance of steady volumes over the next decade, anchoring resilience in the face of volatile global energy markets.

Patrick Pouyanné, Chairman and CEO of TotalEnergies, has repeatedly emphasized LNG’s strategic role in the company’s portfolio, representing a bridge between traditional hydrocarbons and renewable energy growth. With these new agreements, TotalEnergies not only strengthens its partnership with South Korea but also underscores its position as a global leader in clean, reliable, and flexible LNG supply solutions.