LNG Company Secures 1 Mtpa, Five-Year Off-Take Deals with TotalEnergies, Vitol
GTLL•GTLL signed new LNG supply agreements with TotalEnergies and Vitol covering combined sales of just over 1 million metric tons per annum for five years. These long-term off-take contracts bolster utilization of its liquefaction facilities and secure multi-year revenue visibility.
1. New LNG Supply Agreements
GTLL has entered into new supply contracts with TotalEnergies and Vitol for just over 1 million metric tons per annum of LNG. These agreements run for five years, marking a significant expansion of the company’s off-take portfolio.
2. Volume and Duration
The combined 1 Mtpa volume spans a full five-year term, providing stable demand for output from the company’s liquefaction terminals. The deal represents a key step toward securing long-term capacity utilization.
3. Strategic Impact
By locking in these off-take contracts, GTLL enhances its revenue predictability and strengthens relationships with global energy traders. The agreements support ongoing project economics and underpin investment in future expansion initiatives.
