REG-TotalEnergies SE Algeria: TotalEnergies Expands Its Partnership with SONATRACH in Timimoun Region and in the Marketing of LNG

TotalEnergies SEAnnouncement

08/04/2024 16:15

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Algeria: TotalEnergies Expands Its Partnership with SONATRACH in Timimoun
Region and in the Marketing of LNG

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and SONATRACH have signed a
Memorandum of Understanding with the aim of concluding a hydrocarbon contract
in the north-east Timimoun region, under the aegis of Law n°19-13 governing
hydrocarbon activities.

This Memorandum of Understanding outlines the realization of a work program
for the appraisal and development of gas resources in the North-East Timimoun
region, in synergy with existing processing facilities for production from the
Timimoun field, to reduce costs and emissions.

"This Memorandum of Understanding reflects our shared willingness to expand
our strategic partnership with SONATRACH", said Julien Pouget, Senior Vice
President Middle East & North Africa, Exploration & Production at
TotalEnergies.

Earlier this year, TotalEnergies and SONATRACH have extended their cooperation
in the field of liquefied natural gas (LNG) by extending their contractual
relationship until 2025. In 2025, SONATRACH will thus be delivering two
million tonnes of LNG to TotalEnergies at the port of Fos-Cavaou, near
Marseille, which will contribute directly to the security of energy supply in
France and Europe.

***

About TotalEnergies in Algeria

TotalEnergies is a long-standing player in the Algerian energy sector. Present
in the country through its various subsidiaries. The Company is active in oil
and gas exploration and production through its interests in the Tin Fouyé
Tabankort and Timimoun gas fields, the Berkine Basin oil fields (Blocks 404a
and 208) and liquefied natural gas via supply contracts with Sonatrach. In
2023, the Company produced 51 kboe/d (group share) in Algeria through its
interests in the TFT II and Timimoun gas fields and in the Berkine Basin oil
fields (blocks 404a and 208). Downstream, TotalEnergies Lubrifiants Algérie
SPA and TotalEnergies Bitumes Algérie SPA market lubricants and bitumen. This
integrated model ensures synergies between the various activities and provides
a comprehensive offering based on innovation, complementarity, and value
creation. TotalEnergies is committed to supporting economic development by
launching new investment programs that contribute to the country's
development.

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.

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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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