REG-TotalEnergies SE TotalEnergies: United States: Launch of Cameron LNG Expansion to Increase Liquefied Natural Gas Production

TotalEnergies SEAnnouncement

11/04/2022 10:45

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TotalEnergies: United States: Launch of Cameron LNG Expansion to Increase
Liquefied Natural Gas Production

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has signed a Heads of
Agreement (HOA) with Sempra Infrastructure, Mitsui & Co., Ltd. and Japan
LNG Investment – a company jointly owned by Mitsubishi Corporation and
Nippon Yusen Kabushiki Kaisha (NYK) – for the expansion of Cameron LNG, a
liquefied natural gas (LNG) production and export facility located in
Louisiana, U.S.

This expansion project includes the development of a fourth train with a
production capacity of 6.75 million metric tons per annum (Mtpa), and a 5%
increase of the current 13.5 Mtpa first three trains through debottlenecking.
It will also include design enhancements aiming at reducing the emissions of
the facility, including electric drive technology. Under the terms of the HOA,
TotalEnergies will offtake 16.6% of the projected fourth train’s production
capacity, and 25% of the projected debottlenecked capacity. Additionally,
Cameron LNG advances the development of this project with the selection of two
contractors to conduct a competitive Front End Engineering Design (FEED) in
view of the selection of the Engineering, Procurement and Construction (EPC)
contractor.

“We are pleased to take this new step with our partners to increase
liquefaction capacity at Cameron LNG, a facility ideally located on the
Atlantic basin for export to Europe. In recent years, TotalEnergies has become
the leading exporter of U.S. LNG, most of which has been exported to Europe in
recent times, contributing to the continent’s security of energy supply.
TotalEnergies is committed to further expanding its presence in the United
States, thus meeting growing need for LNG, a key transition fuel” said
Patrick Pouyanné, Chairman & CEO of TotalEnergies. “The expansion of
Cameron LNG will contribute to our LNG growth strategy by investing in
low-cost, long-term competitive LNG projects with lower GHG emissions.”

Development of the Cameron LNG expansion project remains subject to definitive
agreements, obtaining the necessary permits, and all partners reaching a final
investment decision planned for 2023.

Cameron LNG is jointly owned by Sempra Infrastructure (50.2%), TotalEnergies
(16.6%), Mitsui & Co., Ltd. (16.6%) and Japan LNG Investment (16.6%).

***

TotalEnergies, Second Largest Global LNG Player and Leading U.S LNG Exporter

TotalEnergies is the world's second largest publicly traded LNG player, with a
global portfolio of nearly 50 Mt/y by 2025 and a global market share of around
10%. Thanks to its interests in liquefaction plants in Angola, Australia,
Egypt, the United Arab Emirates, the United States, Nigeria, Norway, Oman,
Russia and Qatar, the company markets LNG on all world markets. TotalEnergies
also benefits from strong and diversified positions throughout the LNG value
chain, including gas production, LNG transportation, LNG trading, and recent
developments in the LNG industry for maritime transport. In 2021,
TotalEnergies became the leading exporter of U.S. LNG.

About TotalEnergies

TotalEnergies is a global multi-energy company that produces and markets
energies on a global scale: 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, 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.

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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.
TotalEnergies SE has no liability for the acts or omissions of these 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 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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(mailto:ir@totalenergies.com)



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