TotalEnergies SE is on the hunt for more opportunities for affordable LNG like its recent grabs in the United States as Europe’s energy volatility and rising costs are likely to persist.

Despite Europe’s falling oil and natural gas prices during the second quarter, CEO Patrick Pouyanné said “tensions” in the global gas market will mean European energy firms will need to focus on long-term strategies to meet demand.

For TotalEnergies, that strategy largely focuses on growing its integrated liquefied natural gas business with low-cost tonnage, specifically in the United States.

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“You know that we are very committed to LNG,” the CEO said...