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Energy News Beat

While some U.S. refiners are scaling back, Saudi Arabia’s Motiva Enterprises just made a power move. The Saudi Aramco-owned refinery in Port Arthur, Texas, has quietly expanded its capacity, now processing a record 654,000 barrels per day—officially making it the largest refinery in the United States above Exxon’s Beaumont and Marathon’s Galveston Bay.

Motiva pulled this off without a flashy billion-dollar project—just good old-fashioned optimization, removing bottlenecks in the system to squeeze out more production. And they did it at a time when smaller, less efficient refineries are dropping like flies. LyondellBasell’s Houston plant is closing. Phillips 66’s Los Angeles refinery is shutting down.

Unlike its smaller refining peers, Port Arthur is doubling down, proving that size absolutely matters in refining.

Motiva’s expansion fits into a bigger industry shift, where mega-refineries are getting even bigger while smaller plants either shut down or pivot to biofuels. The rationale? If you can’t be nimble, be massive. And while U.S. refiners whine about demand uncertainties and ESG pressures, Aramco isn’t here to play defense—it’s here to dominate.

The real question now is whether Motiva will finally pull the trigger on its long-rumored petrochemical expansion. Back in 2021, Aramco was considering pouring $6.6 billion into turning Port Arthur into a full-fledged petrochem hub—a move that would’ve put the plant even further ahead of its competition. That plan seemed to fizzle out, but given this latest expansion, it might just be back on the table.

Motiva, of course, isn’t saying much—declining to comment so far when asked by media. But with oil demand holding strong, shuttered competition, and its parent company sitting on a cash pile the size of some national economies, it’s hard to imagine Port Arthur isn’t gearing up for more.

By Julianne Geiger for Oilprice.com

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Energy News Beat

What if the American president’s seemingly outlandish claims on serve a higher purpose?

In a world caught between ecological limits and technological ambition, the revival of the long-dormant vision of the Technate suggests that America’s future may be shaped not by traditional geopolitics but by the pursuit of industrial autarky, resource control, and the promise of a self-sustaining technocratic order.

It was an unexpected move, bewildering analysts across the globe. After securing victory in the election, Donald Trump did not immediately focus on perceived strategic rivals like China, Russia, or Iran, as the geopolitical forecasters had so confidently predicted. Instead, his gaze settled on Canada, Greenland, and the Panama Canal – territories that, at first glance, seemed disconnected from the expected choreography of American foreign policy ambitions. This pivot raised a chorus of speculation and debate. Many theories were put forward. Yet, among the multitude of explanations, only one has managed to weave together the strands of Trump’s apparent unpredictability into a coherent narrative. This theory traces the logic of these moves back to a long-forgotten vision of a technocratic society that emerged in the early 20th century within the United States.

The roots of this idea, known as the “Technate,” lie in a vision of a society governed not by politicians or financiers but by scientists and engineers, guided by the principles of efficiency, technological mastery, and resource optimization. In the worldview of early technocrats, economic systems based on arbitrary currencies and speculative markets were seen as chaotic relics of the past. Instead, they proposed that energy itself – measurable and quantifiable – should serve as the basis for all economic transactions. The Technate would thus become a self-contained and self-sustaining entity, where wealth is defined by the availability of natural resources, the expertise of its inhabitants, and the seamless integration of technology with governance.

However, the Technate was never envisioned as something that could be established in just any location. It required a very particular environment – one with abundant natural resources, advanced industrial infrastructure, and a population trained to navigate the demands of a highly mechanized society. The ideal setting, according to early technocratic theorists, was North America, with its vast mineral wealth, fertile lands, and unmatched potential for hydroelectric and industrial power. Canada, with its rich deposits of metals and minerals, and Greenland, with its untapped reserves of rare earth elements, were integral to this vision. The Panama Canal, as the lifeline connecting the Atlantic and Pacific oceans, would further ensure the region’s strategic autonomy from global supply chains.

The German philosopher Georg Friedrich Jünger (1898-1977), in his profound critique of technology, warned against the unchecked dominance of mechanization over human life. His reflections, particularly in ‘The Failure of Technology’ (1949), highlighted the existential dangers of a world where technological systems become self-perpetuating, stripping individuals of their autonomy and reducing human life to mere cogs in a vast machine. Jünger’s critique is a somber reminder of the costs that accompany technological grandeur: the erosion of traditional values, the alienation of the individual, and the potential for technological regimes to evolve into forms of soft tyranny. However, what distinguishes the Technate from the dystopias Jünger warned against is its promise of harmony between human expertise and technological control. Rather than technology dominating life, it would be wielded as an instrument of collective flourishing, overseen by a technocratic elite attuned to the nuances of energy flows, ecological balance, and long-term sustainability.

Elon Musk’s indirect connection to this vision adds an intriguing twist to the story. Musk, known for his futurist ambitions and technological ventures, is the grandson of a former director of the Canadian branch of Technocracy Incorporated, an organization that once propagated these very ideas before its activities were curtailed by the Canadian government. Whether Musk consciously channels this legacy or not, his influence within Trump’s circle has evidently revived interest in the concept of a self-sustaining North American Technate. From this perspective, Trump’s desire to acquire Greenland and secure control over the Panama Canal becomes less of an eccentric detour and more of a calculated step towards fulfilling a technocratic vision that has long been dormant but never entirely forgotten.

Most political analysts initially interpreted Trump’s focus on these regions as part of his broader strategy of retrenchment, aimed at reducing US involvement in overseas conflicts and reorienting national priorities inward. They saw his rhetoric about Canada and Greenland as either bluster or opportunistic real estate maneuvering. Yet, when viewed through the lens of technocratic theory, a different logic emerges. Trump’s America, despite its rhetoric of self-sufficiency, cannot achieve industrial autarky with its current resource base. The energy-intensive industries that would power a new era of American greatness require access to mineral reserves, hydroelectric power, and strategic shipping routes. Canada’s vast natural wealth, Greenland’s potential as a future resource hub, and the Panama Canal’s role as a vital artery of trade are not peripheral concerns – they are central to the construction of a modern Technate.

For all his bluster and unpredictability, Trump’s overarching aim of “making America great again” fits seamlessly into this framework. By 2025, it seems, key figures in his administration have recognized that achieving this vision would require more than tax cuts and deregulation. It would demand the strategic acquisition of resources and infrastructure beyond America’s current borders – assets that could anchor a new era of technological and industrial expansion. The Technate, in this context, is not merely a speculative ideal but a pragmatic blueprint for securing national prosperity in an increasingly multipolar world.

Jünger would no doubt caution against the risks of such an endeavor, reminding us of the dangers of subordinating human life to technological imperatives. Yet, if the vision of the Technate can be tempered by a recognition of these dangers – if it can integrate technological efficiency without sacrificing human dignity – it may offer a path forward that reconciles technological modernity with the enduring need for meaning and community. While the early technocrats of the 20th century were often dismissed as utopian dreamers, their ideas have resurfaced at a moment when the world is once again grappling with questions of resource scarcity, ecological sustainability, and the limits of global interdependence.

Whether this order will achieve the balance envisioned by its architects or succumb to the warnings of critics like Jünger remains to be seen. What is clear, however, is that the dream of the Technate, long relegated to the margins of political thought, is once again shaping the contours of geopolitical reality. It is an ambitious project that, if successful, could redefine the parameters of global power in the decades to come.

The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of RT.

The post Here’s why Trump really wants to get his hands on Greenland and Canada appeared first on Energy News Beat.

Energy News Beat

[[{“value”:”

Slovakia’s Robert Fico seeks full disclosure of US funding to organizations undermining his government

Prime Minister Robert Fico has formally requested that Elon Musk, head of the US Department of Government Efficiency (DOGE), disclose detailed information about American grants allocated to Slovak non-governmental organizations (NGOs) and media outlets through Washington’s main agency for funding political projects abroad.

In one of his first executive orders after taking office, President Donald Trump suspended all foreign aid pending a review of its alignment with US national interests. He later stated that the US Agency for International Development (USAID) was riddled with almost unprecedented corruption and should be shut down.

In a letter to DOGE chief Elon Musk – who previously branded USAID a “criminal organization” – Fico voiced concerns over what he described as “gross interference” in Slovakia’s political landscape.

“It is undeniable that funds originating from USAID were also used for political purposes in Slovakia to distort the political system and favor specific political parties,” Fico wrote in a letter shared on X on Tuesday, urging Musk to disclose which NGOs, media outlets, and individual journalists had received US funding.

“It is clear from incomplete public sources that USAID supported these entities with subsidies totaling several million USD over a relatively short period,” he added.

Fico, who survived an assassination attempt by a pro-Ukraine activist last year, said the “misuse of foreign funds in Slovakia to disadvantage a part of the political spectrum” was so serious that he was prepared to meet Musk in person to discuss the matter.

The recent revelations about USAID’s links to shady projects validate concerns long expressed by Russia, Moscow’s ambassador to the UN, Vassily Nebenzia, told the UN Security Council on Monday. “We have long spoken about the fact that it has been financing radical elements throughout the world,” Nebenzia said, adding that such warnings were previously dismissed as “Russian propaganda” but had since been proven true.

Last week, Hungarian Prime Minister Viktor Orban similarly announced that his government would seek full transparency regarding US aid to NGOs and media outlets critical of his administration, emphasizing the need to “eliminate these foreign networks” that interfere in the country’s domestic affairs.

“}]]

The post EU state’s leader asks Musk to reveal scale of USAID meddling appeared first on Energy News Beat.

Energy News Beat

Lithuania, Latvia and Estonia recently disconnected from a transmission network that linked them to Russia and Belarus

Electricity prices in the Baltic region have nearly doubled since Estonia, Latvia, and Lithuania disconnected from Russia’s electricity transmission grid last week, trading data from Nord Pool showed on Wednesday.

The network that the three Baltic states left, called the BRELL Energy Ring, synchronized the grids of Belarus, Russia, Estonia, Latvia, and Lithuania under Moscow’s central dispatch. However, several years ago the three EU states pledged to eventually cut their systems off from BRELL, claiming that reliance on a network controlled by Russia jeopardized their energy security. On Sunday, they announced having successfully disconnected from BRELL and synchronized their systems with the European continental power grid.

However, according to figures from Nord Pool energy exchange, while the average price of electricity in the Baltics in January was €92 ($95) per megawatt-hour (MWh), it jumped by roughly 25% to €125 euros per MWh following the grid switch. On February 12, the average price of electricity in Latvia, Lithuania and Estonia soared further to €230 euros per MWh, more than doubling from last month’s average.

Some experts have argued that the price spikes are not attributable to the grid switch, which they portray as merely symbolic, as all three countries had long since stopped buying Russian and Belarusian electricity. Nevertheless, the Baltic nations continued relying on the Russian grid to control frequencies and stabilize networks to avoid outages.

Estonian gas transmission system operator Elering blamed the recent spike in prices on low wind and solar output, higher electricity consumption due to a cold snap and an increase in natural gas prices over the past week. Other experts also noted that the Baltic states are currently lacking some of their regular electricity connections, such as the Estlink 2 cable to Finland and the NordBalt cable connection with Sweden, both of which were damaged late last year.

The operator for the Unified Energy System between Russia and Belarus said last week that the withdrawal of the Baltic States from BRELL did not affect its grid, and that the energy system of Kaliningrad Region was secure.

The Russian mission to the EU last week warned that the decision by the Baltic nations to disconnect from BRELL would only worsen the economic prospects for the bloc, and said it saw the move as politically motivated.

“Disconnecting from the BRELL… will drive up regional electricity prices, make power grids less reliable, and further erode the EU’s economic competitiveness,” the mission said on Telegram on Saturday.

Russian Foreign Ministry spokeswoman Maria Zakharova also criticized the move in a statement on Sunday, calling it their “logical next step in destroying their countries and peoples that once had all the prerequisites for prosperity and independence.”

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Energy News Beat

The billionaire has blasted bureaucracy as an “unelected, unconstitutional fourth branch of government”

President Donald Trump has signed an executive order mandating US federal agencies to implement workforce reductions and efficiency measures outlined by the Department of Government Efficiency (DOGE), led by Elon Musk.

Signed on February 11, 2025, the order directs agencies to limit hiring to essential positions and collaborate with DOGE to identify areas for significant staff cuts and potential agency eliminations.

Appearing alongside Trump in the Oval Office on Tuesday, Musk defended the initiative, stating that the American “people voted for major government reform, and that’s what they’re going to get.”

“It’s not optional for us to reduce federal expenses – it’s essential. It’s essential for America to remain solvent as a country,” Musk said.

“We have this unelected, unconstitutional fourth branch of government – the bureaucracy –which, in many ways, currently holds more power than any elected representative,” he added. “It does not reflect the will of the people. So it’s something we’ve got to fix.”

“And we’ve also got to address the deficit –a $2 trillion deficit. If we don’t do something about this, the country is going bankrupt. I mean, it’s astounding that the interest payments alone on the national debt exceed the Defense Department’s budget,” Musk noted.

Trump’s executive order establishes a hiring ratio in which agencies may hire only one employee for every four who depart, with exemptions for roles related to public safety, immigration enforcement, and law enforcement. Agency heads must develop data-driven plans, in consultation with DOGE team leads, to ensure new hires are allocated to high-need areas.

The order also requires agency heads to submit reports within 30 days, evaluating whether their departments or sub-agencies could be eliminated or consolidated. It does not apply to military personnel, and agency heads may exempt “any position they deem necessary to meet national security, homeland security, or public safety responsibilities.”

Critics have raised concerns about the potential impact of these measures on public services and the concentration of power within DOGE, with reporters pressing Musk on potential conflicts of interest.

Trump’s latest push for large-scale federal workforce reductions follows previous efforts by his administration to streamline government operations, including a foreign aid and hiring freezes. The Department of Government Efficiency has been granted expanded authority to oversee these reductions, aiming to identify and eliminate wasteful spending within the federal government.

The post Trump orders federal agencies to comply with Musk’s DOGE cuts appeared first on Energy News Beat.

Energy News Beat

India’s natural gas demand is forecast to increase by nearly 60 percent by 2030, doubling the country’s need for liquefied natural gas (LNG) imports, according to a new report by the International Energy Agency.

The report shows the country’s gas consumption is set to reach 103 billion cubic meters (bcm) annually by the end of the decade.

Following over a decade of slow growth and periodic declines, India’s natural gas demand increased by more than 10 percent in both 2023 and 2024, indicating an inflection point, the agency said.

While total gas consumption in 2023 was only marginally higher than 2011 levels, three key factors are now converging to drive substantial growth: rapid infrastructure expansion, recovering domestic production, and an expected easing of global gas market conditions, the IEA said.

“India’s gas market is entering a new phase of growth, supported by significant infrastructure development and clear policy direction,” said IEA director of energy markets and security Keisuke Sadamori.

“The prospect of higher gas demand in India coincides with an expected wave of new global LNG supply. However, it will require careful planning and market coordination to ensure supply security and to help gas to compete in a price-sensitive market,” Sadamori said.

India’s domestic gas production, which met 50 percent of demand in 2023, is projected to grow gradually, reaching just under 38 bcm by 2030.

This would put it around 8 percent above 2023 levels. The limited growth in domestic supply means India’s LNG imports will need to more than double to around 65 bcm a year by 2030 to meet rising demand, the IEA said.

India currently imports LNG via seven facilities with a combined capacity of about 52.7 million tonnes per year.

These include Petronet LNG’s Dahej and Kochi terminals, Shell’s Hazira terminal, the Dabhol LNG, Ennore LNG, Mundra LNG, and Dhamra LNG terminal.

Also, the newest LNG import terminal is HPCL’s 5 mtpa Chhara LNG import terminal in India’s Gujarat, which just launched commercial operations.

The IEA said India is looking to increase the share of gas in its energy mix and the report identifies potential for even higher growth under an accelerated scenario, where targeted policy measures could push total demand to approximately 120 bcm by 2030 – comparable to the current gas consumption of South America.

This scenario would require additional policy support to drive higher utilization of gas-fired power plants, faster adoption of LNG in heavy-duty transport, and more rapid expansion of city gas infrastructure.

Looking ahead, the report emphasizes the need for strategic planning in LNG procurement and import infrastructure.

As legacy contracts expire, India faces a widening gap between contracted supply and projected demand after 2028, potentially increasing exposure to spot market volatility unless new long-term contracts are secured in the coming years, the IEA said.

The post IEA: India’s LNG imports set to more than double by 2030 appeared first on Energy News Beat.

Energy News Beat

Novatek reported a profit attributable to shareholders of 493.5 billion roubles in 2024, a rise of 6.6 percent compared to 463 billion rubles in 2023.

The company logged a net profit of about 463 billion roubles in 2023, while it did not publish its financial results in 2022.

Novatek reported a profit attributable to shareholders of 341.7 billion roubles in the six-month period of 2024, a rise of 119.5 percent compared to 155.6 billion rubles in the first half of 2023.

In 2024, Novatek’s total revenues and normalized Ebodta, including its share in the Ebitda of joint ventures, reached 1,546 billion roubles and 1,008 billion roubles, respectively, representing increases of 12.7 percent and 13.2 percent as compared to 2023.

Novatek said normalized profit attributable to its shareholders, excluding the effect of foreign exchange gains (losses), reached 553.4 billion roubles in 2024, which is 4.6 percent higher as compared to 2023.

According to the LNG producer, net cash provided by operating activities of the group amounted to 357.1 billion roubles in 2024, representing a decrease of 17.6 percent compared to 2023.

Novatek’s cash used for capital expenditures amounted to 193 billion roubles in 2024, which is 13.8 percent lower than in 2023.

Last month, Novatek reported a 1.1 percent decrease in its natural gas sales, including LNG, in 2024.

Novatek’s natural gas sales reached 77.76 bcm in 2024. This compares to 78.63 bcm in 2023, which marked a rise of 2.7 percent year-on-year.

Novatek did not break down the 2024 gas sales just to LNG, as it had done in the previous five quarterly reports.

On the other hand, Novatek’s gas production rose 2.1 percent to 84.08 bcm in 2024.

In 2024, hydrocarbon production totaled 667 million barrels of oil equivalent (mmboe), including 13.8 million tons of liquid hydrocarbons (gas condensate and crude oil), resulting in an increase in total hydrocarbons produced by 21.6 mmboe, or by 3.3 percent as compared with the twelve months 2023.

Novatek currently exports LNG via its 17.4 mtpa Yamal LNG plant and the mid-scale facility in Vysotsk with a nameplate capacity of 660,000 tons.

In addition, Novatek is working on the sanctioned Arctic LNG-2 export plant.

In August 2024, Novatek delivered the second gravity-based structure platform from its yard near Murmansk to the site of the Arctic LNG 2 project located on the Gydan peninsula.

The company completed the second GBS despite US and EU sanctions.

The first GBS left the Belokamenka yard in July 2023 and Novatek completed the installation on the underbase foundation on the seabed at the Utrenniy terminal in August.

The first and second GBS each have a capacity of about 6.6 mtpa.

The post Novatek’s 2024 profit climbs to $5.19 billion appeared first on Energy News Beat.

Energy News Beat

Energy Transfer’s Lake Charles LNG project seeks to convert its existing regasification terminal to an LNG export facility.

It has a proposed liquefaction capacity of 16.45 mtpa and includes three trains and also modifications to the Trunkline Gas pipeline.

In December 2024, Energy Transfer’s unit entered into a 20-year LNG sale and purchase agreement (SPA) with Chevron U.S.A.

Under the SPA, Energy Transfer LNG will supply 2 million tonnes of LNG per annum (mtpa) to Chevron, subject to Energy Transfer LNG taking FID on the project.

Energy transfer also needs to secure approval for non-FTA LNG exports.

Last year, Energy Transfer’s unit Lake Charles Exports asked the US DOE for expedited action on its pending application for non-FTA LNG exports from the proposed Lake Charles LNG export facility.

In the meantime, US President Donald Trump lifted a moratorium by the former Biden administration on non-FTA LNG export permits last month.

Trump issued the executive order, which was widely expected, just hours after officially taking over his second four-year term as the president.

Energy Transfer’s co-CEO, Marshal McCrea, discussed the impact the new administration would have on Energy Transfer’s business and Lake Charles LNG on Tuesday during the company’s fourth-quarter conference call.

McCrea said the new administration “fully recognizes how blessed we are with not only fossil fuel resources but a lot of resources that are needed in this renewable push.”

“So, yes, needless to say, Energy Transfer and our executive team and the vast majority of our employees are very excited about what’s happening, and we think it’s going to be huge for our industry, huge for our partnership, and huge for this country and the world,” he said.

McCrea also provided an update on the Lake Charles LNG export project.

“We have a team over in London right now, had some really good reports back,” he said.

“So, as everybody knows, there are two things we’re kind of waiting for. It is to get a good, solid contract at the price that works and get that snowball going,” McCrea said.

He mentioned the recent Chevron LNG supply deal.

“They’re actually an advocate of ours now, had lunch with them last week. They do believe we have the best project, and they’re pushing others to really take a close look if they aren’t already looking at our project,” he said.

“We have over 20 million tons we’re negotiating with. We have a really strong equity partner that we’re now in negotiations with for a considerable amount of equity,” McCrea said.

“So, the stars are kind of lining. I mean, we’ve got a lot of work to do. We’re not going to undersell that. But we do have a project that’s in an excellent location with pipeline infrastructure, much of which is already there with a great terminal, with tanks that are already there, with this brownfield project,” he said.

“So, we’re very excited about it. We’re going to push hard, and we certainly hope to get to FID sometime probably in the fourth quarter of this year,” McCrea said.

Besides the Chevron deal, Energy Transfer previously said it had entered into definitive long-term LNG offtake contracts for 7.9 mtpa of LNG.

The company announced six SPAs during 2022 and the customers include China Gas, Gunvor, ENN, SK Gas, and Shell.

In July 2023, the company also entered into three non-binding HOAs related to the long-term LNG offtake from this project for an aggregate of 3.6 mtpa of LNG.

One of the deals is with Chesapeake and Gunvor, the second deal is with EQT, and the third HOA is with a Japanese customer.

During the call, McCrea also discussed these previous SPAs and the prices of these contracts.

“We don’t like those prices. So, yes, we are renegotiating those. Whether 8 or 9 million tons, we had negotiated,” he said.

He said Energy Transfer is in negotiations with “every one of those.”

“To my knowledge, not one of those has backed out yet. Everybody understands how costs have risen and we are in continued negotiations with those to renegotiate their fees as well as, as I mentioned earlier, numerous other customers that are more in today’s pricing realm of what works for our project,” McCrea said.

The post Energy Transfer eyes Lake Charles LNG FID in Q4 2025 appeared first on Energy News Beat.

Energy News Beat

State-owned QatarEnergy owns a 70 percent stake in the Golden Pass project with a capacity of more than 18 mtpa and will offtake 70 percent of the capacity, while US energy firm ExxonMobil has a 30 percent share.

In November 2024, Japan’s Chiyoda and US-based CB&I reached a deal with Golden Pass LNG to complete the construction of the first liquefaction following the exit of Zachry Holding which filed for bankruptcy earlier the same year.

“CB&I and CIC, and Golden Pass LNG Terminal will continue engagements on subsequently amending the contract for the completion of Trains 2 and 3 and will disclose promptly when we conclude such agreement,” Chiyoda said at the time.

The Golden Pass partners expect to launch the first liquefaction train at the end of this year.

Golden Pass LNG Terminal and Golden Pass Pipeline said in the newest construction report filed with the US FERC that Golden Pass is continuing to carry out Phase I and Phase II activities, such as such as storm water management levee construction, stockpiling of material, piling, pre-commissioning, commissioning, and electrical commissioning.

Golden Pass and its contractors progressed installation of piping in utilities and brownfield areas, continued piping and vessels insulation activities, and activities on the ground flares.

In addition, Golden Pass progressed brownfield tie-ins and LNG tank tops modifications scope, and levee construction activities.

Golden Pass said concrete foundation pours continue across all areas while it continues the pipe pneumatic/hydrostatic testing program.

As per the pipeline expansion project, Golden Pass continued civil activities at the MP33 and MP69 compressor stations and also continued pipe installation at these stations.

It continued construction activities of the Sabine Spur, Natural Gas Pipeline (NGPL)
Interconnect improvements and associated facilities.

FERC said in a separate inspection report dated January 23 that the anticipated in-service timing for the pipeline expansion project is expected “sometime in the first half of 2025.”

“Based on rain gauges located at the facilities, the project areas received approximately 2.4 inches of precipitation during the two weeks before the inspection, and an additional 4.5 to 5.0 inches of snowfall two days prior to the inspection,” it said.

“According to Golden Pass, the snowfall and freezing conditions resulted in closure of all project components for at least two days, beginning the afternoon of January 20, 2025,” the report said.

The post Construction advances on Golden Pass LNG terminal appeared first on Energy News Beat.

Energy News Beat

Under the sales and purchase agreement (SPA), TotalEnergies will supply GSPC with 400,000 tons of LNG, amounting to six cargoes per year.

The deal is for 10 years, according to a statement by TotalEnergies.

TotalEnergies said the LNG supplies, sourced from its global portfolio and delivered to terminals on India’s west coast, will primarily serve GSPC’s industrial customers.

It will also supply Indian households for domestic use, businesses, and service stations for vehicles running on compressed natural cas (CNG), such as auto-rickshaws.

“This new deal underscores TotalEnergies’ leadership in the LNG domain and commitment to India’s energy transition and security of supply”, said Gregory Joffroy, senior VP LNG at TotalEnergies.

Milind Torawane, managing director at GSPC said this agreement marks a “major step towards reinforcing GSPC’s strategy to secure competitive LNG on a long-term basis, helping to bridge the growing natural gas demand-supply deficit in Gujarat and across India.”

“Partnering with TotalEnergies, one of the largest LNG players in the world, aligns with GSPC’s strategy to build up its long-term portfolio and become a leading Indian player in gas trading”, Torawane said.

In Gujarat, GSPC, along with its other group companies, supplies one-third of the natural gas demand in the Indian state, catering to 2.3 million households and 20,000 industrial and commercial clients, and operates over 800 CNG stations.

GSPC LNG operates the 5 mtpa Mundra LNG import terminal in Gujarat.

TotalEnergies says it is the world’s third largest LNG player with a global portfolio of 40 Mt/y in 2024 thanks to its interests in liquefaction plants in all geographies.

The company benefits from an integrated position across the LNG value chain, including production, transportation, access to more than 20 Mt/y of regasification capacity in Europe, trading, and LNG bunkering.

During 2024, TotalEnmergies sold 39.8 million tonnes of LNG, down 10 percent compared to the year before due to lower demand in Europe.

This GSPC deal could be the contract that was revealed during the TotalEnergies’ strategy and outlook presentation in New York in October last year.

TotalEnergies did not reveal the name of the Indian buyer at the time, but that contract is similar to today’s deal.

The French company was quite active last year with signing Asian LNG supply deals.

In November 2024, TotalEnergies signed a heads of agreement with China’s state-controlled energy giant Sinopec to supply the latter with two million metric tons of LNG per year for 15 years.

Before this deal, TotalEnergies signed six Asian contracts last year for a total volume of 4 Mt/y.

TotalEnergies signed LNG supply deals with India’s IOCL for 0.8 Mt/y and also with Korea South-East Power (KOEN) for 0.5 Mt/y.

Moreover, the French firm signed a 16-year deal with Singapore’s Sembcorp for 0.8 Mt/y, and it announced a five-year extension of its SPA with CNOOC, for the delivery of 1.25 million tons of LNG per year.

TotalEnergies also signed a heads of agreement to supply LNG to South Korea’s HD Hyundai Chemical.

Under the deal, TotalEnergies will deliver 200,000 tons of LNG per year for seven years starting from 2027.

The post TotalEnergies seals LNG supply deal with India’s GSPC appeared first on Energy News Beat.

Saudi Arabia’s Texas Refinery Just Made a Power Move

Here’s why Trump really wants to get his hands on Greenland and Canada

EU state’s leader asks Musk to reveal scale of USAID meddling

Power prices in Baltics nearly double after cut from Russian grid

Trump orders federal agencies to comply with Musk’s DOGE cuts

IEA: India’s LNG imports set to more than double by 2030

Novatek’s 2024 profit climbs to $5.19 billion

Energy Transfer eyes Lake Charles LNG FID in Q4 2025

Construction advances on Golden Pass LNG terminal

TotalEnergies seals LNG supply deal with India’s GSPC

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