ArcelorMittal Nippon Steel secures 5-year LNG supply from Total
ArcelorMittal Nippon Steel (AMNS) has signed a five-year agreement with Total for securing the supply of up to 500,000 tons of liquefied natural gas (LNG) per year.
The LNG will be procured from the global portfolio of the French oil and gas company and offloaded in Dahej or Hazira LNG Terminal on the Indian west coast.
ArcelorMittal Nippon Steel will be using the LNG for running its steel and power plants in Hazira, Gujarat.
Thomas Maurisse – Senior Vice President LNG at Total said: “We are pleased to partner with AMNS and to supply the growing industrial LNG demand in India, a country that aims to more than double the share of natural gas in its energy mix by 2030 compared to today.
“The supply of LNG will contribute to the reduction of AMNS’s carbon emissions, in line with Total’s ambition to offer its customers energy products that emit less CO2 and to support them in their own low-carbon strategies.”
Total said that the agreement bolsters its relationship with the Indian steel production company. Besides, it contributes to the decarbonization of the Indian steel industry, which still depends heavily on coal, said Total.