To support the clean energy transition, Total Energies and Technip Energies have agreed to jointly develop low-carbon solutions for LNG production and offshore facilities
Under the technical agreement, both parties will explore new concepts and technologies to reduce the carbon footprint of existing facilities and greenfield projects in key areas, such as LNG production, cryogeny, production and use of hydrogen for power generation or processes for carbon capture, utilisation and storage (CCUS).
One of the world’s largest LNG portfolio players, Total Energies has ambitions to be carbon neutral by 2050. Total Energies president exploration and production Arnaud Breuillac said this deal advances those ambitions.
“For Total Energies as a global LNG player, this collaboration brings opportunities to further innovate and strengthen our expertise in reducing greenhouse gas emissions, improving energy efficiency for our LNG and offshore assets and developing innovative technologies such as hydrogen.”
Added Technip Energies chief executive Arnaud Pieton, “This agreement reflects our commitment to provide tangible and decarbonised solutions from the earliest concept to delivery and beyond.”
Gladstone LNG deal with GIP
Total Energies is the world’s second-largest privately owned LNG player, with a projected global portfolio of nearly 50 mta by 2025 and a global market share of around 10%. Total Energies has interests in liquefaction facilities in Qatar, Nigeria, Russia, Norway, Oman, Egypt, the United Arab Emirates, the United States, Angola and Australia.
Among its interests are two LNG projects in Australia, Gladstone LNG on Curtis Island and Ichthys LNG in Darwin.
Total Energies recently completed a US$750M transaction with GIP Australia (GIP) in relation to Gladstone LNG’s downstream facilities, under which GIP will receive a throughput-based tolling fee calculated on TGA’s share of gas processed through the downstream facilities over 15 years.
The transaction was effective as of 1 January 2021. The deal does not change TGA’s 27.5% ownership interest in the Gladstone LNG downstream joint venture.
Exporting LNG since 2015, Gladstone LNG has two trains with a nameplate production capacity of 7.8 mta of LNG.
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