TotalEnergies Secures Long-term LNG Supply from Canada

The latest update is out from TotalEnergies SE ( (FR:TTE) ).

TotalEnergies has signed a 20-year agreement to purchase 2 Mtpa of LNG from the Ksi Lisims LNG project in Western Canada, which is strategically located to serve the Asian market. The company also acquired a 5% stake in Western LNG, with the option to increase its stake, enhancing its LNG portfolio and supporting low CO2 emission projects. This move aligns with TotalEnergies’ strategy to diversify its LNG sources and strengthen its position in the global LNG market, while promoting a transition from coal to natural gas.

More about TotalEnergies SE

TotalEnergies is a global integrated energy company involved in the production and marketing of oil, biofuels, natural gas, biogas, low-carbon hydrogen, renewables, and electricity. With over 100,000 employees, the company operates in approximately 120 countries, focusing on providing reliable, affordable, and sustainable energy. TotalEnergies is the world’s third-largest LNG player, with a global portfolio and ambitions to increase the share of natural gas in its sales mix to reduce carbon emissions.

See more data about TTE stock on TipRanks’ Stock Analysis page.