TotalEnergies SE ( (FR:TTE) ) has provided an update.
TotalEnergies has signed a 15-year agreement with Energia Natural Dominicana (ENADOM) to supply 400,000 tons of LNG annually, starting mid-2027. This deal will support the Dominican Republic’s energy transition by providing a less carbon-intensive energy source for a new 470 MW power plant, reducing reliance on coal and fuel oil. The agreement highlights TotalEnergies’ leadership in the LNG sector and its commitment to supporting sustainable energy solutions, while also strengthening ENADOM’s role in the Dominican energy market.
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 a workforce of over 100,000 employees, the company operates in about 120 countries, emphasizing sustainability in its strategy and operations. TotalEnergies is the world’s third-largest LNG player, with a significant global portfolio and ambitions to increase natural gas sales to reduce carbon emissions.
YTD Price Performance: -5.95%
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Technical Sentiment Signal: Hold
Current Market Cap: €102.1B
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