REG-TotalEnergies SE Liquefied Natural Gas: TotalEnergies to Offtake 1.5 Mtpa of LNG From the Future Train 4 of Rio Grande LNG Facility

TotalEnergies SEAnnouncement

15/04/2025 10:45

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Liquefied Natural Gas: TotalEnergies to Offtake 1.5 Mtpa of LNG From the
Future Train 4 of Rio Grande LNG Facility


 * TotalEnergies signs with NextDecade to purchase 1.5 Mtpa of LNG for 20 years
from the future Train 4 at the Rio Grande LNG facility


 * The SPA is subject to a positive FID for Train 4

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has signed a Sales and Purchase
Agreement (SPA) with NextDecade to buy 1.5 million tons per annum (Mtpa) of
liquefied natural gas (LNG) from the future Train 4 liquefaction unit at the
Rio Grande LNG
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facility. The SPA, of a duration of twenty years, is subject to NextDecade
taking a positive Final Investment Decision (FID) on Train 4.

"We are pleased to sign with NextDecade a new 1,5 Mtpa SPA from the future
Train 4 of Rio Grande. This agreement will enable NextDecade to progress
towards the FID of the project and notably to start its financing process.
Once effective, the agreement will help strengthen TotalEnergies' position to
serve its customers with a competitive supply, as the leading exporter of LNG
from the United States”, said Gregory Joffroy, Senior Vice President LNG at
TotalEnergies.

“TotalEnergies has been a key contributor to the success of Rio Grande LNG
Phase 1, and we are pleased to be expanding our strategic partnership with
TotalEnergies with the execution of this Train 4 SPA”, said Matt Schatzman,
NextDecade’s Chairman and Chief Executive Officer. “This SPA completes the
commercial support we need for Rio Grande LNG Train 4, and we are now focused
on progressing Train 4 toward a positive FID”, he added.

TotalEnergies holds a 16.7% stake in the first phase of the Rio Grande LNG
facility, which consists in 3 LNG trains currently under construction in
southern Texas. TotalEnergies previously agreed to purchase 5.4 Mtpa of the
approximately 17.5 Mtpa produced by the first phase, which is expected to
start up in 2027. TotalEnergies also holds a 17.5% stake in NextDecade, Rio
Grande’s shareholder and operator.

***

TotalEnergies, the world’s third largest LNG player

TotalEnergies is the world’s third largest LNG player with a global
portfolio of 40 Mt/y in 2024 thanks to its interests in liquefaction plants in
all geographies. The Company benefits from an integrated position across the
LNG value chain, including production, transportation, access to more than 20
Mt/y of regasification capacity in Europe, trading, and LNG bunkering.
TotalEnergies’ ambition is to increase the share of natural gas in its sales
mix to close to 50% by 2030, to reduce carbon emissions and eliminate methane
emissions associated with the gas value chain, and to work with local partners
to promote the transition from coal to natural gas.

About TotalEnergies

TotalEnergies is a global integrated energy company that produces and markets
energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen,
renewables and electricity. Our more than 100,000 employees are committed to
provide as many people as possible with energy that is more reliable, more
affordable and more sustainable. Active in about 120 countries, TotalEnergies
places sustainability at the heart of its strategy, its projects and its
operations.

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Cautionary Note

The terms “TotalEnergies”, “TotalEnergies company” or “Company” in
this document are used to designate TotalEnergies SE and the consolidated
entities that are directly or indirectly controlled by TotalEnergies SE.
Likewise, the words “we”, “us” and “our” may also be used to refer
to these entities or to their employees. The entities in which TotalEnergies
SE directly or indirectly owns a shareholding are separate legal entities.
This document may contain forward-looking information and statements that are
based on a number of economic data and assumptions made in a given economic,
competitive and regulatory environment. They may prove to be inaccurate in the
future and are subject to a number of risk factors. Neither TotalEnergies SE
nor any of its subsidiaries assumes any obligation to update publicly any
forward-looking information or statement, objectives or trends contained in
this document whether as a result of new information, future events or
otherwise. Information concerning risk factors, that may affect
TotalEnergies’ financial results or activities is provided in the most
recent Universal Registration Document, the French-language version of which
is filed by TotalEnergies SE with the French securities regulator Autorité
des Marchés Financiers (AMF), and in the Form 20-F filed with the United
States Securities and Exchange Commission (SEC).

TotalEnergies Contacts

Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com
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Investor Relations: +33 (0)1 47 44 46 46 l ir@totalenergies.com
(mailto:ir@totalenergies.com)



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