French supermajor TotalEnergies SE has inked a $750 million tolling fee agreement with infrastructure fund Global Infrastructure Partners (GIP) related to the downstream facilities at the Gladstone liquefied natural gas (LNG) project in Australia.

Under the terms of the deal, GIP is to receive a throughput-based tolling fee calculated on TotalEnergies’ share of gas processed through the Gladstone facilities over 15 years, effective Jan. 1 of this year.

The downstream facilities include the two-train, 7.8 million metric tons/year (mmty) export plant on Australia’s east coast. They also include a 420-kilometer (260-mile) natural gas pipeline from the Fairview, Arcadia, Roma and Scotia fields in the Bowen-Surat Basin of Queensland to the Curtis Island terminal.

“This monetization of infrastructure assets contributes to focusing further TotalEnergies’ capital on core producing assets and fully reflects TotalEnergies’ active portfolio management,” CFO Jean-Pierre Sbraire said.

TotalEnergies would keep its 27.5% stake in the Gladstone joint venture (JV). Australian gas producer Santos Ltd. is operator of the JV with a 30% interest. The other partners are Malaysia’s Petroliam Nasional Berhad, aka Petronas, with a 27.5% stake and Korea Gas Corp. with 15%.

The announcement builds on previous plans by GIP to take a stake in another Curtis Island LNG facility. The company said in December it planned to purchase a 26.5% stake in the Queensland Curtis LNG (QCLNG) project from operator Royal Dutch Shell plc. The deal covered the common facilities for the 8.25 mmty project, including storage tanks, jetties and operations infrastructure servicing QCLNG’s trains.

For its part, TotalEnergies also is involved with the Ichthys LNG export facility on Australia’s northwestern coast. It holds a 26% stake in the project, which is operated by Japan’s Inpex Corp.

The deal follows the cancellation of a separate agreement that would have seen TotalEnergies invest up to $700 million in Tellurian Inc.’s Driftwood LNG project in Louisiana.