The latest announcement is out from TotalEnergies SE ( (FR:TTE) ).
TotalEnergies has signed a Sales and Purchase Agreement with NextDecade to acquire 1.5 million tons per annum of liquefied natural gas from the future Train 4 at the Rio Grande LNG facility for 20 years. This agreement, contingent on a positive Final Investment Decision by NextDecade, is expected to bolster TotalEnergies’ position as a leading LNG exporter from the United States, while aiding NextDecade in progressing its project financing. TotalEnergies holds significant stakes in both the first phase of the Rio Grande LNG facility and in NextDecade, highlighting its strategic investment in the LNG sector.
More about TotalEnergies SE
TotalEnergies is a global integrated energy company, recognized as the world’s third largest LNG player. It operates across the entire LNG value chain, including production, transportation, and regasification, with a focus on reducing carbon emissions and promoting the transition from coal to natural gas. The company is active in about 120 countries and aims to increase the share of natural gas in its sales mix to close to 50% by 2030.
YTD Price Performance: -5.95%
Average Trading Volume: 1,666,644
Technical Sentiment Signal: Hold
Current Market Cap: €102.1B
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