CNOOC and TOTAL amend LNG SPA
October 22, 2018
Total and CNOOC have signed an amendment to their existing LNG SPA to further strengthen their cooperation. The partners have increased the contract volume from 1 MTPA to 1.5 MTPA of LNG, sourced from Total’s global LNG portfolio, and have extended the term of contract to 20 years. The initial SPA was signed in 2008, with an annual contract volume of 1 MTPA for a period of 15 years.
Edited from Total press release.