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TotalEnergies SE ( (FR:TTE) ) has issued an update.
TotalEnergies has entered into a long-term agreement with the Gujarat State Petroleum Corporation Limited (GSPC) to supply 400,000 tons of liquefied natural gas (LNG) annually starting from 2026. This deal is significant as it fortifies TotalEnergies’ position in the LNG market and supports India’s energy transition efforts, benefiting industrial, domestic, and transportation sectors in Gujarat by addressing the growing natural gas demand-supply gap and enhancing air quality.
More about TotalEnergies SE
TotalEnergies is a global integrated energy company involved in the production and marketing of various energy types, including oil, biofuels, natural gas, green gases, renewables, and electricity. With operations in approximately 120 countries, the company is recognized as the world’s third largest LNG player, possessing a comprehensive LNG value chain encompassing production, transportation, regasification, and trading. TotalEnergies aims to increase the share of natural gas in its sales, emphasizing sustainability and the transition from coal to natural gas.
YTD Price Performance: 17.80%
Average Trading Volume: 2,525,392
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: €126.2B
See more insights into TTE stock on TipRanks’ Stock Analysis page.
