China Will Be Profit-Gusher for French Company Total

China and its energy market are big factors in French oil major Total's long-term plans.

Total enjoys a close relationship with Chinese oil companies such as CNOOC, which is also one of the biggest importers of LNG in the world. The two companies have recently signed a new agreement that strengthens their existing partnership.

Moreover, Total is also helping China in meeting its shale gas targets. The company is developing China's shale gas reserves in the Anhui province by partnering with the biggest Chinese oil company China National Petroleum Corp., or CNPC.

With a history of partnerships with Chinese oil companies, Total is in a good position to capitalize on the increasing demand of natural gas in the country

(thestreet.com Edited by Topco)