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TotalEnergies SE ( (FR:TTE) ) has shared an update.
TotalEnergies and ENI have signed an agreement with Egypt and Cyprus to develop gas resources in Cyprus Block 6, allowing the gas to be processed in Egypt’s facilities before export to Europe. This agreement is seen as a significant step in enhancing Europe’s energy security and demonstrates TotalEnergies’ strategic efforts to utilize LNG capacities in Egypt.
More about TotalEnergies SE
TotalEnergies is a global integrated energy company involved in producing and marketing various forms of energy, including oil, biofuels, natural gas, green gases, renewables, and electricity. The company operates in approximately 120 countries and emphasizes sustainability in its strategy and operations.
YTD Price Performance: 12.37%
Average Trading Volume: 2,535,889
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: €126.8B
See more insights into TTE stock on TipRanks’ Stock Analysis page.
