REG-TotalEnergies SE Mozambique: TotalEnergies to Become a Leading Player in Fuel Distribution

TotalEnergies SEAnnouncement

31/01/2022 16:20

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Mozambique: TotalEnergies to Become a Leading Player in Fuel Distribution

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) is expanding in Mozambique with
the acquisition of BP’s retail network, wholesale fuel business and
logistics assets.

The transaction covers a network of 26 service stations, a portfolio of
business customers and 50% in SAMCOL, the logistics company previously jointly
owned by TotalEnergies and BP, which operates the Matola, Beira and Nacala
fuel import terminals.

These assets are complementary to TotalEnergies’ existing network of 57
service stations and current B2B business. With this acquisition,
TotalEnergies strengthens its position as the leading retailer of petroleum
products in the country.

During his visit to Mozambique earlier today, Patrick Pouyanné, Chairman and
CEO of TotalEnergies, inaugurated the new network's first service station to
fly the TotalEnergies colors. The solarized service station “24 de Julho”,
is located in Maputo and has both a Bonjour café and store. TotalEnergies now
has 19 solarized service stations in Mozambique.

"This agreement reflects TotalEnergies' willingness to pursue its investments
in Mozambique’s energy sector in order to deploy our multi-energy strategy
in the country through retailing of petroleum products for mobility, the major
Mozambique LNG project and accompanying supply of domestic gas, and
opportunities under review in the area of renewable energies. Our ambition
with all this is to contribute to the country's sustainable development and
give access to energy to as many people as possible", said Patrick Pouyanné,
Chairman and Chief Executive Officer of TotalEnergies.

***

About TotalEnergies in Mozambique

Present in Mozambique since 1991, the Company operates in the Exploration
& Production and Marketing & Services segments. TotalEnergies
Marketing Moҫambique SA is a major player in the downstream petroleum
products market with a nationwide gas stations network, industrial and mining
customers, lubricants and logistics. Prior to this acquisition, TotalEnergies
Marketing Moҫambique had an estimated market share of 14 %.

TotalEnergies EP Mozambique Area 1 Limitada, a wholly owned subsidiary of
TotalEnergies, operates Mozambique LNG with a 26.5% participating interest.

About TotalEnergies

TotalEnergies is a global multi-energy company that produces and markets
energies: oil and biofuels, natural gas and green gases, renewables and
electricity. Our 105,000 employees are committed to energy that is ever more
affordable, cleaner, more 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.

TotalEnergies Contacts

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

@TotalEnergies
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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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