Boosted by North American projects, TotalEnergies plans to use LNG as one of its key “pillars” as it aims to grow natural gas and oil production by at least 2% annually until the end of the decade.

In an outlook presentation as a part of TotalEnergies’ investor day in New York, executives outlined how the French major plans to grow its already substantial portfolio of liquefied natural gas by 50% through the end of the decade. At the center of those plans are five key LNG projects, including two in North America that will contribute almost half of TotalEnergies’ expected capacity increases.

Earlier in the year, the firm finalized an equity and offtake agreement with NextDecade Corp., gaining 5.4 million metric tons/year (mmty) in U.S. supply from Rio Grande LNG. With a...