REG-TOTAL Clean Marine Fuels: Total Charters Four New LNG-powered Vessels

TotalEnergies SEAnnouncement

28/10/2020 07:20

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Clean Marine Fuels: Total Charters Four New LNG-powered Vessels

 

Total (Paris:FP) (LSE:TTA) (NYSE:TOT) is pursuing its strategy to reduce
greenhouse gases emissions in maritime transportation, by chartering four
Aframax-type vessels equipped with Liquified Natural Gas (LNG) propulsion.
These vessels, each with a capacity of 110,000 tons of crude oil or refined
products, will be delivered in 2023 and will join the time-chartered fleet of
Total. The first two vessels will be chartered from shipowner Hafnia, and the
remaining two from Viken Shipping.

The vessels have been designed with the most efficient LNG propulsion
technologies to reduce emissions, allowing a significant decrease in
Greenhouse Gases, of more than 5,000 tons per year and per ship compared to
conventional vessels.

“This chartering contract is in line with our Climate Ambition and will
contribute to our Net Zero carbon neutrality target by 2050 or before. This
contract follows a similar one, signed earlier this year, for two LNG-powered
VLCC (Very Large Crude Carriers), to be delivered in 2022.” underlined Luc
Gillet, Senior Vice President Shipping at Total. “LNG as a Marine Fuel
remains the best and immediately available solution to reduce the carbon
footprint of our shipping activities. With these four new vessels, we reaffirm
our commitment to expand the use of cleaner marine fuels, for a more
sustainable shipping”.

The supply of LNG for these four LNG-powered vessels will be provided by Total
Marine Fuels Global Solutions, Total’s dedicated business unit in charge of
worldwide bunkering activities.
 LNG as a marine fuel, the best and immediately available solution to reduce     
 the environmental footprint of maritime transport                               
 
                                                                               
 A true technological breakthrough in the service of environmental protection,   
 LNG is now the best available and technologically proven solution to            
 significantly reduce the environmental footprint of maritime transport.         
 Compared to ships powered by fuel oil, its use results in a reduction of:       
 
                                                                               
 • 99% of sulphur oxide emissions;                                               
 
• 99% of fine particles emissions;                                             
 
• Up to 85% of nitrogen oxide emissions;                                       
 
• About 20% of greenhouse gases emissions.                                     


Total, 2(nd) Largest Private Global LNG Player

Total is the second-largest private global LNG player, with an overall
portfolio of around 50 Mt/y by 2025 and a worldwide market share of 10%. With
over 34 Mt of LNG managed in 2019, the Group has solid and diversified
positions across the LNG value chain. Through its stakes in liquefaction
plants located in Qatar, Nigeria, Russia, Norway, Oman, Egypt, the United Arab
Emirates, the United States, Australia or Angola, the Group sells LNG in all
markets.

About Total

Total is a major energy player, which produces and markets fuels, natural gas
and electricity. Our 100,000 employees are committed to better energy that is
safer, more affordable, cleaner and accessible to as many people as possible.
Active in more than 130 countries, our ambition is to become the responsible
energy major.

* * * * *

Cautionary Note

This press release, from which no legal consequences may be drawn, is for
information purposes only. The entities in which TOTAL SE directly or
indirectly owns investments are separate legal entities. TOTAL SE has no
liability for their acts or omissions. In this document, the terms
“Total”, “Total Group” and Group are sometimes used for convenience.
Likewise, the words “we”, “us” and “our” may also be used to refer
to subsidiaries in general or to those who work for them.

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 TOTAL 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.

Total Contacts 

Media Relations: +33 (0)1 47 44 46 99 l presse@total.com
(mailto:presse@total.com) l @TotalPress

Investor Relations: +44 (0)207 719 7962 l ir@total.com (mailto:ir@total.com)



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