REG-TotalEnergies SE United Arab Emirates: TotalEnergies Strengthens its Position in the Emirates through its Partnership in Ruwais LNG

TotalEnergies SEAnnouncement

10/07/2024 13:15

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United Arab Emirates: TotalEnergies Strengthens its Position in the Emirates
through its Partnership in Ruwais LNG

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) joins, with a 10% interest, the
Ruwais LNG project alongside national company ADNOC (60%), Shell (10%), bp
(10%) and Mitsui (10%).

Launched by ADNOC in June 2024, Ruwais LNG is a liquefied natural gas (LNG)
project located in Al Ruwais Industrial city, in Abu Dhabi. The project
includes two liquefaction trains with a total capacity of 9.6 million tons per
year. Start-up is expected in the second half of 2028.

The project applies the highest standards to reduce emissions: its
full-electric liquefaction trains will be supplied with clean power by the
UAE’s grid, making it one of the world’s lowest-carbon intensity LNG
plants. The facility will also leverage the latest technologies to enhance
safety, drive efficiency and minimize emissions.

“We are delighted to join forces with our long-standing partner ADNOC on the
development of this new LNG project. Last year at COP28, TotalEnergies and
ADNOC both committed to lead the Oil & Gas Decarbonization Charter to
reduce the industry’s GHG emissions. With Ruwais LNG, we are putting this
principle into practice with one of the world’s lowest-carbon intensity LNG
plants, allowing natural gas to fully play its role of transition fuel", said
Patrick Pouyanné, Chairman and CEO of TotalEnergies.

“We are delighted to welcome bp, Mitsui & Co., Shell, and TotalEnergies
as partners in ADNOC’s Ruwais LNG project, which will be one of the
world’s lowest carbon-intensive LNG facilities. As natural gas demand
continues to increase, this world-class project will enable us to provide more
lower-carbon gas to meet growing demand today while helping the world
transition to a cleaner energy future. Additionally, the project will
accelerate development in Al Ruwais Industrial City, boost the local
industrial ecosystem and create more skilled private sector jobs for UAE
Nationals”, said His Excellency Dr. Sultan Ahmed Al Jaber, ADNOC Managing
Director and Group CEO.

***

TotalEnergies, the world’s third largest LNG player

TotalEnergies is the world’s third largest LNG player with a global
portfolio of 44 Mt/y in 2023 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 the share of natural gas in its sales
mix to close to 50% by 2030, to reduce carbon emissions and eliminate methane
emissions associated with the gas value chain, and to work with local partners
to promote the transition from coal to natural gas.

TotalEnergies in the United Arab Emirates

TotalEnergies has been present in the United Arab Emirates for 85 years and is
today one of the first foreign companies active in the country. In the
Upstream sector, through its longstanding partnership with ADNOC,
TotalEnergies in the UAE is one of the main contributors to the Company’s
hydrocarbon production with 354,000 boe/d in 2023. TotalEnergies in the UAE
continues to grow in the renewable sector, especially in the field of
distributed generation where it holds a leading position. The Company has also
a top position in the manufacturing and marketing of a wide range of
automotive and industrial lubricants with a blending plant, supplying the
whole region. Societal and sustainable development is key for TotalEnergies in
the UAE: the Company is actively committed with stakeholders such as
Environment Agency Abu Dhabi, Emirates Foundation, ADMAF and is involved with
UAE universities for the development of Emirati youth.

About TotalEnergies

TotalEnergies is a global integrated 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 provide as many
people as possible with energy that is more reliable, more affordable and more
sustainable. Active in about 120 countries, TotalEnergies places
sustainability at the heart of its strategy, its projects and its operations.

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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