TotalEnergies stock gains LNG deal for China, deliveries start 2028

TotalEnergies signed a heads of agreement with Jiangsu Guoxin Group on Wednesday, November 4, 2026, covering annual LNG deliveries to China from 2028. The company announced the agreement in a TotalEnergies press release.

TotalEnergies stock traded at 81.32 euros on Lang & Schwarz at 17:42 CET on Wednesday, November 4, 2026, 0.53 percent below the Xetra close of Wednesday, November 4, at 81.75 euros.

Long-term LNG sales in China

The agreement covers 900,000 tons of liquefied natural gas per year for 15 years. The deliveries are subject to the finalization of sales and purchase agreements, so the announcement establishes a commercial framework rather than a completed long-term sales contract.

The LNG is planned for Jiangsu Guoxin Group's new terminal in Rudong. The gas will support city supply and flexible power generation in Jiangsu, which TotalEnergies describes as China's second-largest province by gross domestic product and natural gas consumption.

Portfolio impact for investors

The agreement expands TotalEnergies' long-term LNG sales portfolio in China, one of the world's largest and fastest-growing LNG import markets. The company said its global LNG portfolio reached 44 million tons in 2025 and that it aims to lift natural gas to close to half of its sales mix by 2030.

For investors, the deal adds future contracted demand but does not remove exposure to commodity prices, LNG market conditions or the timing of the final contracts. The 2028 start date also limits the immediate earnings contribution.

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More news and analyses on TotalEnergies stock will track the final contracts and the progress of the planned LNG deliveries.