BRIEF-TotalEnergies CEO Says Expansion Of Cameron LNG Project Remains Open Possibility

- TotalEnergies TTEF.PA CEO Patrick Pouyanne:

  • INDIA IS A POTENTIALLY GOOD LNG MARKET BUT MANY THERE STILL PREFER BURNING FUEL WHEN LNG PRICES ARE HIGH

  • BANKERS ARE MORE HESITANT ON FINANCING LNG PROJECTS

  • WE DID NOT TAKE 100% OF SHARES OF ZEELAND THIS MEDIA REPORT IS FALSE

  • WE HAVE AN AGREEMENT WITH LUKOIL, THEY ARE OUT, IT IS AN OPERATING AGREEMENT

  • IT IS A TRANSITORY AGREEMENT, TOTAL BRINGS 100% OF CRUDE OIL TO REFINERY, PAYS FOR OPERATIONS AND TAKES 100% OF PRODUCTS WHILE LUKOIL FINDS A BUYER

  • THIS POSSIBILITY WAS EXISTENT ALREADY IN OUR SHAREHOLDING AGREEMENT

  • FRANCE'S RENEWABLES PROBLEM IS NOT ABOUT THE DELAYED ENERGY PLANNING LAW , IT'S AN ISSUE OF LAND, COST AND ACCEPTABILITY

  • IN THE US WE HAVE THE FUTURE OPTION TO EXPAND CAMERON LNG PROJECT, FOR NOW WE WILL NOT BUT IT REMAINS AN OPEN POSSIBILITY

  • TODAY WE MUST LOOK AT WHAT ELECTRICITY WE CAN DEVELOP IN AFRICA

  • FOR EXAMPLE IN MOZAMBIQUE WE COULD ENVISION LNG TO POWER, FOR REGIONAL POWER EXPORT

  • ON PAPUA LNG PROJECT IF WE DON'T SEE PROGRESS THIS YEAR I DON'T KNOW WHEN WE WILL SEE IT

Further company coverage: TTEF.PA


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