REG-TotalEnergies SE Liquefied Natural Gas: TotalEnergies will Supply 400,000 Tons of LNG per Year for 15 Years in the Dominican Republic

TotalEnergies SEAnnouncement

15/04/2025 11:15

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Liquefied Natural Gas: TotalEnergies will Supply 400,000 Tons of LNG per Year
for 15 Years in the Dominican Republic


 * TotalEnergies signed an agreement with Energia Natural Dominicana (ENADOM) to
supply 400,000 tons of LNG

 * The contract has a 15-year duration and will start mid-2027

 * This LNG will support the growing demand of electricity in the Dominican
Republic

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has signed an agreement (HoA)
with Energia Natural Dominicana (ENADOM), the Joint Venture between AES
Dominicana and Energas in the Dominican Republic, for the delivery of 400,000
tons of LNG per year. Subject to the finalization of the SPAs, this agreement
is set to start in mid-2027, for 15 years, with the price indexed to Henry
Hub.

This agreement will enable ENADOM to supply natural gas to the 470 MW
combined-cycle power plant, currently under construction, which will increase
the country's electricity generation capacity. This project contributes to the
energy transition of the Dominican Republic by reducing its dependence on coal
and fuel oil through the use of a less carbon-intensive energy source, natural
gas.

"We are pleased to have signed this agreement to answer, alongside AES and its
partners, the energy needs of the Dominican Republic. This new contract
underscores TotalEnergies' leadership in the LNG sector and our commitment to
supporting the island's energy transition. It will be a natural outlet for our
US LNG supply which will progressively increase”, said Gregory Joffroy,
Senior Vice President LNG at TotalEnergies.

“This agreement with TotalEnergies, is the result of the confidence placed
in the Dominican Republic's energy sector and, specifically, in ENADOM and
AES. This partnership, alongside ENADOM's has demonstrated investment
capabilities in providing natural gas to the Dominican electricity market by
ensuring a reliable, competitive, and environmentally responsible energy
supply. ENADOM is proud to play a pivotal role in the expansion and
strengthening of the nation's energy matrix in the Dominican Republic”, said
Edwin De los Santos, Chief Executive Officer at ENADOM.

***

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).

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