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Sinopec News Net, according to the World Natural Gas Network on May 20, France’s Total, ArcelorMittal and Nippon Steel’s joint venture ArcelorMittal Nippon Steel (AMNS) has reached a five-year agreement.
According to the agreement, Total will deliver 500,000 tons of liquefied natural gas to the joint venture each year until 2026.
Total said in a statement that these LNG will come from Total’s global investment portfolio and will be loaded and unloaded at the Dah or Hazra LNG terminal on the west coast of India.
AMNS will use LNG to operate its steel plant and power plant in Hazra, Gujarat.
Commenting on the agreement, Thomas Morris, Senior Vice President of Total LNG, said that the agreement will help India push for more than double the proportion of natural gas in its energy mix by 2030.
He said: "The supply of liquefied natural gas will help reduce AMNS' carbon emissions, which is in line with Total's ambition to provide customers with energy products with lower carbon dioxide emissions and support them in implementing their own low-carbon strategy.
This agreement strengthens the relationship between Total and AMNS and helps decarbonize the Indian steel industry, which still relies heavily on coal.
Total is the world's second largest private LNG company.
Wu Henglei compiled from World Natural Gas
The original text is as follows:
Total strikes LNG supply deal with ArcelorMittal
French major Total has secured a five-year LNG sale and purchase deal with ArcelorMittal Nippon Steel, a joint venture between ArcelorMittal (60 per cent) and Nippon Steel (40 per cent).
Under the agreement, Total will deliver up to 500,000 tons of liquefied natural gas (LNG) per year to the joint venture, until 2026.
The LNG will be sourced from Total's global portfolio and offloaded either in Dahej or Hazira LNG terminal, on the West Coast of India, Total said in its statement.
AMNS will use the LNG to run its steel and power plants located in Hazira, Gujarat state.
Commenting on the deal, Thomas Maurisse, senior vice president LNG at Total said it will aid India's push to more than double the share of natural gas in its energy mix by 2030.
"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," he said.
This agreement strengthens Total's relationship with AMNS and contributes to the decarbonization of India's steel industry, which still relies heavily on coal.
Total, the world's second-largest privately owned LNG player, has a global portfolio of nearly 50 Mt/y by 2025 and a global market share of around 10 per cent.
