TotalEnergies

Adnoc Lands 1.9 MMty Offtake Agreement, Equity in Rio Grande LNG

Adnoc Lands 1.9 MMty Offtake Agreement, Equity in Rio Grande LNG

Abu Dhabi National Oil Co. (Adnoc) has invested in the first phase of Rio Grande LNG and secured offtake from a future expansion as it looks to boost its international natural gas portfolio. Adnoc disclosed Monday it has acquired an 11.7% stake in the first three trains of NextDecade Corp.’s 17.6 million metric tons/year (mmty)…

May 20, 2024
Algeria Signs Series of Deals to Strengthen Role as Top European Natural Gas Supplier

Algeria Signs Series of Deals to Strengthen Role as Top European Natural Gas Supplier

Algeria’s Sonatrach has signed several agreements this year with foreign investors to help boost the state-owned company’s oil and natural gas output under a plan introduced last year. The company has entered several memorandums of understanding (MOU) this year, including with Eni SpA and Equinor ASA to further explore the In Salah and In Amenas…

May 14, 2024
EU Parliament Exploring Ban on Re-Exporting Russian LNG from Bloc’s Ports

EU Parliament Exploring Ban on Re-Exporting Russian LNG from Bloc’s Ports

The European Commission (EC) this week is considering a ban on transshipments or re-exports of Russian LNG through European Union (EU) ports as part of Brussels’ latest sanctions package.  The UK, Poland, Estonia, Latvia, Lithuania, and Germany have banned Russian liquified natural gas imports, but an EU-wide ban on Russian LNG imports is not included…

May 7, 2024
Freeport Outage Cuts Into TotalEnergies’ First Quarter LNG Sales

Freeport Outage Cuts Into TotalEnergies’ First Quarter LNG Sales

TotalEnergies SE said Friday that its LNG sales decreased in the first quarter mainly due to lower demand in Europe and an unplanned outage at the Freeport export terminal on the upper Texas coast.  The company has 2.2 million tons (Mt) of annual tolling capacity at Freeport’s Train 3, which was offline most of the…

April 29, 2024
TotalEnergies Amplifying U.S. RNG for Industrial Decarbonization

TotalEnergies Amplifying U.S. RNG for Industrial Decarbonization

TotalEnergies SE has inked an agreement with BlackRock Inc.-backed Vanguard Renewables to advance nearly a dozen U.S. renewable natural gas (RNG) projects over the next year with total annual production capacity of 2.5 Bcf.  Boston-based Vanguard, funded by BlackRock’s Diversified Infrastructure segment, plans initially to develop 10 projects. The first three from the joint venture…

April 26, 2024
Papua New Guinea LNG Expansion Partners Push FID into 2025

Papua New Guinea LNG Expansion Partners Push FID into 2025

TotalEnergies SE disclosed the final investment decision (FID) for an LNG expansion project in Papua New Guinea would be pushed back by at least one year as the project partners hunt for more “commercially viable” contractors. The French major’s CEO Patrick Pouyanné met with Papua New Guinea Prime Minister James Marape to discuss the status…

April 9, 2024
TotalEnergies Looks to Tap Gulf Coast Foothold to Grow U.S. LNG Business

TotalEnergies Looks to Tap Gulf Coast Foothold to Grow U.S. LNG Business

TotalEnergies SE CEO Patrick Pouyanné said the firm is leaning on its already outsized role as a leader in U.S. LNG to expand its supply chain positions and grow its hub of natural gas projects centered in Texas. TotalEnergies is currently the largest trader of U.S. liquefied natural gas and is the second largest LNG…

March 20, 2024
NextDecade Looks to Ink Contract with Bechtel for Rio Grande LNG Expansion by July

NextDecade Looks to Ink Contract with Bechtel for Rio Grande LNG Expansion by July

As NextDecade Corp. progresses construction on the first three trains for its Rio Grande LNG project in Texas, it is working to firm up contracts for its second phase by the middle of the year. Houston-based NextDecade last year broke ground in Brownsville, TX, on the first three trains of the facility, which could add…

March 13, 2024
Energy Majors, Traders Betting on Big Future for LNG

Energy Majors, Traders Betting on Big Future for LNG

Energy majors and commodities traders are playing an outsized role in supporting a global LNG export buildout that ultimately could saturate the market with the super-chilled fuel later this decade, bring prices down and stoke future demand. About 150 million metric tons/year (mmty) of additional liquefaction capacity is under construction across North America and in…

January 10, 2024
TotalEnergies Backstops Renewables Generation in Texas with Trio of Natural Gas-Fired Facilities

TotalEnergies Backstops Renewables Generation in Texas with Trio of Natural Gas-Fired Facilities

TotalEnergies SE, which has a bevy of U.S. energy assets, has agreed to pay $635 million to buy three natural gas-fired power plants in Texas to ensure customers have firm power and to bolster integrated power purchase agreements (PPA). The deal with TexGen Power LLC includes two facilities that serve the Houston area and one…

November 22, 2023
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