16:55 - 16.04.2025

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April 16, Fineko/abc.az. TotalEnergies (France) has signed a long-term agreement with Energia Natural Dominicana (ENADOM) on the supply of liquefied natural gas (LNG) in the amount of 400,000 tons a year, including for a gas-fired power plant under construction in the Dominican Republic, ABC.AZ reports, referring to company's press service.

The contract is designed for 15 years and will enter into force in mid-2027. The price for LNG supplies will be pegged to the American benchmark Henry Hub.

ENADOM is a joint venture between AES Dominicana and Energas in the Dominican Republic.

The agreement with TotalEnergies will allow the company to increase country's generating capacity.

The LNG received from the French partner is planned to be sent to a 470 MW combined cycle gas power plant under construction in the Dominican Republic.

This project is part of the country's plan to gradually reduce its dependence on coal and fuel oil. Also, in the future, the power plant under construction will bring the Dominican Republic closer to the energy transition.

At that, ENADOM management noted that the partnership demonstrates investment opportunities in the field of LNG procurement for the Dominican Republic's electric power sector. Taking into account the new agreement, the company plans to provide the country with reliable, competitive and eco-friendly energy supply.

The French company is the 3rd largest global LNG producer. Its global portfolio of projects in 2024 was estimated at 40 million tons per year.