TotalEnergies Secures 7-Year LNG Deal With HD Hyundai Chemical: Expanding Reach In Asia's Energy Market

TotalEnergies SE (NYSE:TTE) shares are trading higher premarket Tuesday. The company inked a Heads of Agreement (HoA) with HD Hyundai Chemical to deliver 200,000 tons of liquefied natural gas (LNG) per year for seven years starting in 2027.

This agreement aligns with TotalEnergies’ strategy to expand its long-term LNG sales and reinforces its position in South Korea, the third-largest LNG importer globally.

The pricing under the deal will be indexed ...