REG-TotalEnergies SE Australia: TotalEnergies Enters Into an Infrastructure Agreement With GIP on Gladstone LNG

TotalEnergies SEAnnouncement

13/07/2021 11:35

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Australia: TotalEnergies Enters Into an Infrastructure Agreement With GIP on
Gladstone LNG

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has completed a transaction
with GIP Australia (GIP) in relation to the downstream facilities of the
Gladstone LNG Project owned by its subsidiary Total GLNG Australia (TGA), for
a consideration of more than US$ 750 million, with effective date January 1,
2021.

As part of this transaction, GIP will receive a throughput-based tolling fee
calculated on TGA’s share of gas processed through the downstream facilities
over a period of 15 years.

TGA retains full control and ownership of its 27.5% interest in the Gladstone
LNG Downstream Joint Venture.

“We have worked closely with GIP to achieve this infrastructure transaction
and are happy of this first collaboration with such an experienced
infrastructure partner. This monetization of infrastructure assets contributes
to focusing further TotalEnergies’ capital on core producing assets and
fully reflects TotalEnergies’ active portfolio management”, declared
Jean-Pierre Sbraire, Chief Financial Officer at TotalEnergies.

The Gladstone LNG Project

The integrated LNG project consists of producing natural gas from the
Fairview, Arcadia, Roma and Scotia fields, located in the Bowen-Surat Basin in
Queensland, Australia.

The project also includes transporting the gas over approximately 400
kilometers to a gas liquefaction plant in the industrial port of Gladstone,
northeast of Brisbane, on the eastern coast of Australia. The Gladstone LNG
liquefaction plant consists of two trains with a total nameplate capacity in
excess of 7.8 million tons per year.

The downstream facilities mainly comprise the gas transportation system and
the two-train gas liquefaction plant. The Gladstone LNG Project has been
exporting LNG since 2015.

TotalEnergies’ activities in Australia

For over 60 years, TotalEnergies has developed in Australia a range of
activities spanning the spectrum of the energy industry.

TotalEnergies is involved in 2 major Australian LNG projects: Gladstone LNG on
Curtis Island on stream since 2015 and Ichthys LNG in Darwin, operational
since 2018.

Total Eren (TotalEnergies 30%) commissioned the Kiamal 250 MW solar PV power
plant, largest in the state of Victoria. SunPower Corporation (TotalEnergies
57%) is focusing on distributed generation in residential segment and
commercial segment. Total Gas & Power Australia has an electricity retail
license and is also developing 100MW / 100 MWh Energy Storage Scheme (ESS)
projects in Victoria. Saft, a wholly owned subsidiary of TotalEnergies, is
managing sales of advanced technology batteries for telecommunications,
transport and grid, industry standby, civil electronics and defense divisions.
TotalEnergies Marketing and Services branch is active in the lubricant market
in Australia.

____

About TotalEnergies

TotalEnergies is a broad energy company that produces and markets energies on
a global scale: oil and biofuels, natural gas and green gases, renewables and
electricity. Our 105,000 employees are committed to energy that is ever more
affordable, clean, reliable and accessible to as many people as possible.
Active in more than 130 countries, TotalEnergies puts sustainable development
in all its dimensions at the heart of its projects and operations to
contribute to the well-being of people.

Cautionary Note

This press release, from which no legal consequences may be drawn, is for
information purposes only. The entities in which TotalEnergies SE directly or
indirectly owns investments are separate legal entities. TotalEnergies SE has
no liability for their acts or omissions. The terms “Company” or
“TotalEnergies company” refer collectively to the company TotalEnergies SE
and the companies it controls directly or indirectly. Such terms are used
solely for the sake of convenience for purposes of the present communication.
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 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.

TotalEnergies 

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

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



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