TotalEnergies to supply LNG to Dominican Republic for 15 years

PARIS - TotalEnergies (EPA:TTEF) SE (Paris:TTE) (LSE:TTE) (NYSE:TTE) has entered into an agreement with Energia Natural Dominicana (ENADOM) to provide the Dominican Republic with 400,000 tons of liquefied natural gas (LNG) annually over a 15-year period starting mid-2027. The deal, pending the finalization of the Sales and Purchase Agreements (SPAs), will support the Dominican Republic’s growing demand for electricity.

ENADOM, a joint venture between AES (NYSE:AES) Dominicana and Energas, will utilize this LNG supply to fuel a new 470 megawatt combined-cycle power plant, which is currently under construction. This initiative is part of the country’s efforts to transition to less carbon-intensive energy sources, moving away from coal and fuel oil.

Gregory Joffroy, Senior Vice President LNG at TotalEnergies, commented on the agreement, emphasizing the company’s role in the LNG sector and its commitment to aiding the Dominican Republic’s energy transition. Joffroy noted that this contract would utilize the United States’ increasing LNG supply.

Edwin De los Santos, Chief Executive Officer at ENADOM, highlighted the significance of the agreement for the Dominican energy sector, expressing confidence in ENADOM and AES’s ability to provide a reliable, competitive, and environmentally responsible energy supply. De los Santos also underlined ENADOM’s crucial role in enhancing the nation’s energy infrastructure.

TotalEnergies, recognized as the world’s third-largest LNG player, is set to have a global portfolio of 40 million tons per year by 2024, with interests in liquefaction plants across various geographies. The company aims to increase the share of natural gas in its sales mix to nearly 50% by 2030, as part of its strategy to reduce carbon emissions and eliminate methane emissions associated with the gas value chain.

TotalEnergies is a global integrated energy company engaged in the production and marketing of oil, biofuels, natural gas, renewables, and electricity. With a workforce of over 100,000 employees, TotalEnergies operates in approximately 120 countries, focusing on delivering energy that is more reliable, affordable, and sustainable.

The information in this article is based on a press release statement from TotalEnergies.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.