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An announcement from TotalEnergies SE ( (FR:TTE) ) is now available.
TotalEnergies has decided to demobilize its floating LNG terminal in Le Havre, France, which was initially set up in 2022 to address the energy crisis caused by reduced gas imports from Russia. The terminal, which served as a critical safety net during times of high demand, is no longer needed due to stabilized gas supply conditions in France and Europe. This move reflects TotalEnergies’ strategic response to changing market conditions and its ongoing commitment to energy security and sustainability.
More about TotalEnergies SE
TotalEnergies is a global integrated energy company involved in the production and marketing of various energy sources, including oil, biofuels, natural gas, biogas, low-carbon hydrogen, renewables, and electricity. With over 100,000 employees, the company operates in about 120 countries and emphasizes sustainability in its strategy and operations. TotalEnergies is the world’s third-largest LNG player, with a significant global portfolio and an integrated position across the LNG value chain.
Learn more about TTE stock on TipRanks’ Stock Analysis page.