Apr 15, 2025
TotalEnergies will provide gas to a power plant in the Dominican Republic for 15 years.
France's TotalEnergies has reached an agreement to supply 0.4 million tons of liquefied natural gas (LNG) each year to Energia Natural Dominicana (Enadom) for a future power plant, aligning with the Dominican Republic's goal to reduce dependence on fuel oil and coal.
The agreement will commence in mid-2027 and last for 15 years, with pricing tied to the U.S. Henry Hub benchmark, as stated by TotalEnergies.
The company noted that the Caribbean nation is a "natural outlet" for some of the U.S. LNG supply it plans to acquire, amounting to 15 million tons by 2030.
The Dominican Republic aims to boost its natural gas and renewable energy usage to comply with legal mandates for cutting carbon emissions by 2030, according to the International Energy Agency.
Enadom, a partnership between Energas and AES Dominicana, will utilize the LNG to power a 470-megawatt combined cycle plant currently being built, as per the statement.
TotalEnergies has intensified its efforts to secure LNG contracts with prices linked to the U.S. benchmark, most recently in India and Asia, enabling the company to adjust costs based on fluctuations in Henry Hub prices compared to other markets.
The agreement will commence in mid-2027 and last for 15 years, with pricing tied to the U.S. Henry Hub benchmark, as stated by TotalEnergies.
The company noted that the Caribbean nation is a "natural outlet" for some of the U.S. LNG supply it plans to acquire, amounting to 15 million tons by 2030.
The Dominican Republic aims to boost its natural gas and renewable energy usage to comply with legal mandates for cutting carbon emissions by 2030, according to the International Energy Agency.
Enadom, a partnership between Energas and AES Dominicana, will utilize the LNG to power a 470-megawatt combined cycle plant currently being built, as per the statement.
TotalEnergies has intensified its efforts to secure LNG contracts with prices linked to the U.S. benchmark, most recently in India and Asia, enabling the company to adjust costs based on fluctuations in Henry Hub prices compared to other markets.