(BRIEF) TotalEnergies announced the acquisition of Lewis Energy Group’s 20% interest in the Dorado concessions made through EOG Resources in the Eagle Ford shale fuel field, expanding its vegetable fuel production capacity in Texas. The move is expected to increase TotalEnergies’ share of U. S. net natural gas production. UU. de 50 million cubic feet per day by 2024, with the prospect of further growth through 2028. The company aims to position itself as the largest exporter of U. S. LNG. The U. S. Department of Agriculture and the U. S. Department of Agriculture (LNG) will be able to achieve an LNG export capacity of 15 Mt. /year until 2030 through projects such as Rio Grande LNG in Texas. Nicolas Terraz, President of Exploration
(PRESS RELEASE) PARIS, April 8, 2024 — /EuropaWire/ — TotalEnergies has agreed to acquire Lewis Energy Group’s 20% stake in EOG Resources’ Dorado concessions (80%) in the Eagle Ford shale fuel field, increasing its production of herbal fuel. capacity in Texas and further its commercial integration into the U. S. LNG price chain. U. S.
TotalEnergies, its herbal fuel production in the United States
Located in Texas, the Dorado box will steadily enable TotalEnergies to increase its net vegetable fuel production in the United States to 50 million cubic feet per day (Mcf/d) by 2024, with an additional outlook of 50 Mcf/d through 2028. The box has an emission intensity of approximately 10 kg CO2e/boe. In 2023, TotalEnergies’ net production of herbal fuel in the U. S. The U. S. production reached approximately 340 MMcf/d (450 MMcf/d of technical production).
TotalEnergies, the U. S. LNG exporter
With more than 10 million tonnes (Mt) in 2023, TotalEnergies will be the largest exporter of U. S. LNG. It has joined the U. S. , thanks to its 16. 6% stake in Cameron’s LNG plant in Louisiana and several long-term acquisition agreements. The company’s LNG export capacity will be successful by 15 Mt/yr until 2030 following the commissioning of the first phase of the Rio Grande LNG allocation in Texas, recently under construction.
“This acquisition expands our production of herbal fuel in the U. S. “TotalEnergies’ LNG is a major source of LNG in the U. S. , which helps integrate TotalEnergies’ LNG with a low-cost, low-emission upstream fuel supply,” said Nicolas Terraz, President of Exploration.
TotalEnergies in the United States
TotalEnergies, the world’s third largest LNG player
TotalEnergies is the world’s third-largest LNG player with a global backlog of 44 Mt/year in 2023 thanks to its holdings in liquefaction plants in all geographical areas. The company has an incorporated position across the LNG price chain, adding production, transportation, access to more than 20 Mt/year of refueling capacity in Europe, LNG trading and bunkering. TotalEnergies’ ambition is to increase the percentage of vegetable fuel in its advertising mix to approximately 50% by 2030, reduce carbon emissions and methane emissions. similar to the fuel price chain and agreements with local partners to encourage the transition to coal-based herbal fuel.
About TotalEnergies
TotalEnergies is an incorporated global energy corporation that produces and markets energy: oil and biofuels, vegetable fuels and green fuels, renewable energy, and electricity. Our more than 100,000 workers are committed to delivering more reliable and sustainable energy to as many people as possible. TotalEnergies, active in around 120 countries, places sustainable progress at the heart of its strategy, projects and operations.
TotalEnergies on social media
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SOURCE: TotalEnergies
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