REG-TotalEnergies SE Singapore: TotalEnergies to Supply Sembcorp with 0.8 Mtpa of LNG for 16 Years

TotalEnergies SEAnnouncement

29/02/2024 07:15

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Singapore: TotalEnergies to Supply Sembcorp with 0.8 Mtpa of LNG for 16 Years

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has signed a sale and purchase
agreement (SPA) with Sembcorp Fuels, a wholly owned subsidiary of
Singapore-based Sembcorp Industries. The deal entails the delivery of up to
0.8 million tons of liquefied natural gas (LNG) per annum (Mtpa) for a
duration of sixteen years, commencing in 2027. The LNG will be sourced from
TotalEnergies’ global portfolio. This new agreement adds to the companies’
current SPA, which runs until 2029.

By supplying this additional LNG supply to Singapore, TotalEnergies is
contributing to the country’s energy security and to its decarbonization
goals. This deal also reflects TotalEnergies’ commitment to supporting its
customers in their transition to greater sustainability.

***

TotalEnergies, the world’s third largest LNG player and Europe's leading
regasification operator

TotalEnergies is the world’s third largest LNG player with a market share of
around 12% and a global portfolio of about 50 Mt/y 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
its LNG production and long-term purchases by 50% by 2030, while continuing to
reduce carbon emissions and eliminating the methane emissions associated with
the gas value chain. The Company also works with local partners to promote the
transition from coal to natural gas.

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 more than 100,000 employees are committed to energy that is
ever more affordable, more sustainable, more reliable and accessible to as
many people as possible. Active in nearly 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.

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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 

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