Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
TotalEnergies, a French energy major declared agreements with Indian Oil Corporation and Korea South-East Power for the supply of liquefied natural gas (LNG) over a medium to long term period.
In a statement it is mentioned that it has signed a sales and purchase agreement with Indian Oil Corporation to supply 800,000 metric tonnes of LNG annually to India for ten years from 2026.
The company also signed a heads of agreement with Korea South-East Power to supply up to 500,000 metric tonnes per year of LNG to South Korea for five years starting from 2027.
The agreements are in line with TotalEnergies' strategy of growing its LNG business and are medium-term outlets for its global LNG supply portfolio, the company said.
Indian Oil Corporation, the country's top refiner, had previously signed a long-term deal to receive 1.2 million metric tonnes per year of LNG supplies from United Arab Emirates' s Abu Dhabi Gas Liquefaction Co Ltd (ADNOC LNG), beginning from 2026 for 14 years.
Also Read : Hindalco net profit may surge 18% on lower cost Tata Steel & TEXMiN sign MoU to transform India's mining sector
Copper and aluminium, the most often used industrial metals, have increased significantly in recent...
Non-Ferrous 29-Apr-2024
Iron ore futures were headed for a significant weekly loss amid persistent worries about demand in t...
Ferrous 23-Feb-2024
✔️ US tariffs unlikely to hurt Indian steelmakers due to low export share.✔️ Less than 5% of Indian...
Business 13-Mar-2025
Waaree Energies, solar solutions provider mentioned that the company will provide 445 MW solar modul...
Renewables 23-May-2024
Prime Minister Narendra Modi dedicated and laid the foundation stone for over ₹56,000 crores in powe...
Renewables 05-Mar-2024
ArcelorMittal Nippon Steel India (AMNS) has been hit with a hefty fine of ₹106 crore for allegedly e...
Business 25-Feb-2025