Latest news with #PatrickPouyanné
Time of India
5 days ago
- Business
- Time of India
TotalEnergies to sell more LNG from US to India
TotalEnergies aims to increase LNG exports to India, particularly from the US, and plans to resume its Mozambique venture to supply energy. Despite past investment suspensions, the company continues to support Adani Green's renewable energy expansion. With significant investments in India's gas and renewable sectors, TotalEnergies sees India as a crucial LNG market. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Paris: French energy major TotalEnergies plans to sell more LNG to India, in particular, from the US and continues to support the expansion of Adani Green , its CEO Patrick Pouyanné said.'We are the largest US LNG energy exporter total energy, so we can bring more. We have also have a big venture in Mozambique with Indian companies. We will intend to restart very soon to provide energy to India. So that's also a plan,' Pouyanné said after meeting commerce and industry minister Piyush Goyal in year, the company announced suspension of additional investments in Adani Group companies amid the US' bribery allegations against the Indian conglomerate.'And then on the renewable side, we continue to support the expansion of Adani Green, which has already a 14 gigawatt of capacity. So we will continue to support this growth,' he said, adding that future plans of the company are to continue to develop energy has invested almost $5 billion in India in the last five years especially in natural gas, importing energy, city gas, development of gas infrastructure in India, and renewables.'We invest a lot in solar and wind in India, with Adani in particular,' he year, the company inked long term contracts with GSPC and IOCL to provide LNG to India.'In fact, India is becoming an important market for LNG, number four in the world in 2024 so developing this gas. So for us, finding customers, long term customers in India is good,' he said.
Yahoo
23-05-2025
- Business
- Yahoo
TotalEnergies: Ordinary and Extraordinary Shareholders' Meeting on May 23, 2025
Approval of the resolutions supported by the Board of Directors PARIS, May 23, 2025--(BUSINESS WIRE)-- The Combined Shareholders' Meeting of TotalEnergies SE (Paris:TTE) (LSE:TTE) (NYSE:TTE) was held on May 23, 2025, under the chairmanship of Mr. Patrick Pouyanné. The shareholders adopted all the resolutions supported by the Board of Directors, including in particular: Approval of the 2024 financial statements and payment of a dividend of €3.22 per share for that fiscal year, Renewal of a three-year term as Director for Ms. Lise Croteau, Appointment of a three-year term for Ms. Helen Lee Bouygues and Mr. Laurent Mignon as Directors, as well as for Ms. Valérie Della Puppa-Tibi, as Director representing employee shareholders, Setting of the aggregate annual compensation amount for directors and approval of the compensation policy applicable to directors, Approval of the compensation components paid during 2024 or allocated for that year and of the compensation policy applicable in 2025 to the Chairman and Chief Executive Officer, Various delegations of competence and financial authorizations granted to the Board of Directors. In addition, as part of a formal item put on the agenda, the Shareholders' Meeting discussed the Sustainability & Climate - Progress Report 2025, reporting on the progress made in the implementation of the Corporation's ambition with respect to sustainable development and the energy transition towards carbon neutrality and its related targets by 2030. The full results of the votes as well as the presentations made to shareholders will be available on May 30, 2025 on the website. About TotalEnergies TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables and electricity. Our more than 100,000 employees are committed to provide as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations. X @TotalEnergies LinkedIn TotalEnergies Facebook TotalEnergies Instagram TotalEnergies Cautionary Note The terms "TotalEnergies", "TotalEnergies company" or "Company" in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words "we", "us" and "our" may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. TotalEnergies SE has no liability for the acts or omissions of these entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies' financial results or activities is provided in the most recent Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC). TotalEnergies Media Relations: +33 (0)1 47 44 46 99 l presse@ l @TotalEnergiesPR Investor Relations: +33 (0)1 47 44 46 46 l ir@ View source version on Contacts TotalEnergies SE Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
23-05-2025
- Business
- Business Wire
TotalEnergies: Ordinary and Extraordinary Shareholders' Meeting on May 23, 2025
PARIS--(BUSINESS WIRE)--The Combined Shareholders' Meeting of TotalEnergies SE (Paris:TTE) (LSE:TTE) (NYSE:TTE) was held on May 23, 2025, under the chairmanship of Mr. Patrick Pouyanné. The shareholders adopted all the resolutions supported by the Board of Directors, including in particular: Approval of the 2024 financial statements and payment of a dividend of €3.22 per share for that fiscal year, Renewal of a three-year term as Director for Ms. Lise Croteau, Appointment of a three-year term for Ms. Helen Lee Bouygues and Mr. Laurent Mignon as Directors, as well as for Ms. Valérie Della Puppa-Tibi, as Director representing employee shareholders, Setting of the aggregate annual compensation amount for directors and approval of the compensation policy applicable to directors, Approval of the compensation components paid during 2024 or allocated for that year and of the compensation policy applicable in 2025 to the Chairman and Chief Executive Officer, Various delegations of competence and financial authorizations granted to the Board of Directors. In addition, as part of a formal item put on the agenda, the Shareholders' Meeting discussed the Sustainability & Climate - Progress Report 2025, reporting on the progress made in the implementation of the Corporation's ambition with respect to sustainable development and the energy transition towards carbon neutrality and its related targets by 2030. The full results of the votes as well as the presentations made to shareholders will be available on May 30, 2025 on the website. About TotalEnergies TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables and electricity. Our more than 100,000 employees are committed to provide as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations. X @TotalEnergies LinkedIn TotalEnergies Facebook TotalEnergies Instagram TotalEnergies Cautionary Note The terms 'TotalEnergies', 'TotalEnergies company' or 'Company' in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words 'we', 'us' and 'our' may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. TotalEnergies SE has no liability for the acts or omissions of these entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies' financial results or activities is provided in the most recent Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).
Arabian Business
02-05-2025
- Business
- Arabian Business
TotalEnergies and OQEP break ground on Marsa LNG, Middle East's first bunkering hub
TotalEnergies and Oman's OQ Exploration and Production announced the groundbreaking of their Marsa LNG plant. The commencement of the project, coming up in the port of Sohar, northern Oman, comes one year after the final investment decision. The 1 million ton per year (Mt/y) liquefaction plant is being built by Marsa LNG LLC, a joint company between TotalEnergies (80 per cent equity stake) and OQEP (20 per cent stake). The LNG production, which is expected to start in the first quarter of 2028, is primarily intended to serve the marine fuel market – LNG bunkering – in the Gulf. The Marsa LNG plant will be fully electrified, with provision for a 300 megawatt-peak (MWp) photovoltaic solar farm that will supply the equivalent of the plant's annual energy needs. The plant is billed as one of the lowest carbon intensity LNG plants in the world, with less than 3 kg CO 2 e/boe of scope 1 and 2 emissions. Located at the entrance to the Gulf, the Marsa LNG site will be the first LNG bunkering hub in the Middle East, the companies said. Patrick Pouyanné, Chairman and CEO of TotalEnergies, said the flagship project demonstrates that LNG production can be very low carbon, contributing to making gas a long-term transition fuel. 'With an ambitious technical design, we intend to set the standard and pave the way for the next generation of low-emissions LNG plants across the world. 'We also offer an effective way to support the shipping sector's energy transition, by providing lower-emissions marine fuel in a key location at the entrance of the Gulf,' he said. Salim bin Nasser Al Aufi, Oman's Minister of Energy and Minerals, reiterated the ministry's steadfast commitment to supporting downstream energy projects as a vital pillar of economic integration across the industrial, trade, port, and logistics sectors. 'The Marsa LNG project, a strategic collaboration project between OQ Exploration & Production and TotalEnergies, embodies this commitment by developing advanced infrastructure for supplying vessels with LNG as an alternative clean fuel,' he said. Ahmed Al Azkawi, CEO of OQEP, said the Marsa LNG project represents a solid step forward, harnessing cutting-edge technology and strategic collaboration to ensure a cleaner, and affordable energy future. 'As the first LNG bunkering hub in the Middle East, Marsa LNG will play a pivotal role in reducing emissions in the shipping industry while reinforcing Oman's position as a key player in the global energy sector,' he said. A charter contract for a new LNG bunkering vessel has been signed by Marsa LNG LLC, the company said. The vessel, currently under construction, will be stationed in Sohar from 2028, where it will supply LNG to a wide range of vessels such as container ships, tankers and large cruise ships, it said.
Times of Oman
01-05-2025
- Business
- Times of Oman
Groundbreaking ceremony held for Marsa LNG project worth $1.6bn in Sohar
Sohar: The groundbreaking ceremony for the Marsa LNG project took place on Thursday in the Wilayat of Sohar, marking the launch of the largest joint investment between OQ Exploration and Production (OQEP) and TotalEnergies. The project is valued at $1.6 billion, with TotalEnergies having an 80% stake, while OQEP holds the remaining 20%. The event was held under the patronage of Eng. Salim Nasser Al Aufi, Minister of Energy and Minerals, and attended by senior officials from TotalEnergies, international investors, and business leaders. The Marsa LNG project reflects OQEP'sstrategic commitment to developing Oman's energy sector in a way that delivers long-term sustainable value. It also marks the company's expansion into a new energy domain,LNG bunkering,which aligns with its strategy to build a more sustainable energy future. The project is also expected to enhance in-country value (ICV). The implementation of the Marsa LNG project strengthens Oman's position as a regional hub for clean marine fuel and represents a strategic partnership between OQEP and TotalEnergies. This partnership is a model of successful international collaboration in the development of clean energy projects and will contribute to economic diversification policies, attracting foreign investment, and increasing In-Country Value in line with the objectives of Oman Vision 2040. The project will supply ships with liquefied natural gas (LNG) as fuel, supporting the reduction of the maritime transport sector's carbon footprint through the establishment of low-emission infrastructure. Eng. Salim Nasser Al Aufi, Minister of Energy and Minerals, said, 'The Ministry of Energy and Minerals reaffirms its commitment to supporting downstream energy projects as a key pillar for achieving economic integration across the sectors of industry, trade, ports, and logistics. The Marsa LNG project, a strategic partnership between OQ Exploration and Production and TotalEnergies, embodies this vision through the development of advanced infrastructure to supply ships with liquefied natural gas as a clean alternative fuel.' He added, 'This project represents a major step forward in the transition toward low-emission energy, reinforcing Oman's position as a reliable regional hub for clean marine fuel. It aligns with the objectives of Oman Vision 2040 in sustainability and industrial innovation. We value this partnership and believe that downstream energy investments will drive economic growth, create high-quality and sustainable job opportunities, promote knowledge transfer, and empower national talent to meet the rising global demand for sustainable energy.' Patrick Pouyanné, Chairman and CEO of TotalEnergies, said, 'I'm very proud to see Marsa LNG breaking ground, alongside our longstanding partner OQEP, and with the strong support from Oman's authorities. This flagship project demonstrates that LNG production can be very low carbon, contributing to making gas a long-term transition fuel. With an ambitious technical design, we intend to set the standard and pave the way for the next generation of low-emissions LNG plants across the world. We also offer an effective way to support the shipping sector's energy transition, by providing lower-emissions marine fuel in a key location at the entrance of the Gulf.' Eng. Ahmed Al Azkawi, CEO of OQEP, said, 'At OQEP, we are committed to advancing innovation and sustainability across Oman's energy sector. The Marsa LNG project represents a bold step forward, harnessing cutting-edge technology and strategic collaboration to ensure a cleaner, and affordable energy future. As the first LNG bunkering hub in the Middle East, Marsa LNG will undertake a pivotal role in reducing emissions in the shipping industry while reinforcing Oman's position as a key player in the global energy sector." The project consists of both upstream and downstream components. The upstream component includes the production of 150 million standard cubic feet of gas per day from Concession Block 10, which will then be transported via OQ's gas network to Sohar Port. The downstream component includes the construction of an LNG plant with an annual capacity of one milliontonnes, supported by a 300-megawatt solar power plant to meet the facility's annual energy needs. The Marsa LNG project include the establishment of a facility with emissions of less than 3 kilogrammes of CO₂ equivalent per barrel of oil equivalent to reduce greenhouse gas emissions, and the creation of the first LNG bunkering hub in the Middle East. The project will rely entirely on electric power, making it the world's lowest-emission LNG facility. It will set a new industrial benchmark for emissions, with its all-electric design and integration of a solar power plant expected to avoid more than 200,000tonnesof CO₂ equivalent annually over the life of the project, compared to a conventional gas-fueled design. The Marsa LNG project will be powered by upstream gas production of 150 million cubic feet per day (Mcf/d), sourced from the Mabrouk North-East field in onshore Block 10. Marsa holds a 33.19 percent interest in the field, securing its entitlement and ensuring a reliable feedstock supply for the LNG liquefaction plant under development in Sohar. The downstream component features a state-of-the-art LNG liquefaction plant with a capacity of 1 million tonnes per year (Mt/y), currently under construction at Sohar Port. LNG production is expected to begin in the first quarter of 2028 and will primarily cater to the marine fuel market (LNG bunkering) in the GCC region. Notably, the Marsa LNG facility will be fully electrified and powered entirely by solar energy, positioning it among the lowest greenhouse gas (GHG) intensity LNG plants globally, with emissions below 3 kg CO2e/boe, nearly 90 percent lower than the industry average of 35 kg CO2e/boe. The full electrification of the LNG plant will lead to over 6 percent increase in net production, with 99 percent of incoming natural gas converted into LNG. This setup offers greater operational flexibility and reduced maintenance costs. The site will also feature integrated infrastructure, including a 165,000 m³ LNG storage tank and a 500-metre jetty designed to accommodate bunkering vessels and LNG carriers for regional export. A dedicated 300 MWp solar power plant will be constructed over a 450-hectare area to meet 100 percent of the LNG plant's energy needs. The solar farm will comprise 500,000 high-efficiency bifacial photovoltaic modules with single-axis tracking, smart inverters, and an Energy Monitoring System (EMS) to ensure stable power generation. This initiative aligns with Oman's national energy strategy to increase the share of renewables in its energy mix to 30 percent by 2030, in support of Oman Vision 2040. Marsa LNG is set to be strategically located in Sohar at the entrance to the Gulf, a major global shipping corridor. TotalEnergies has commissioned a new LNG bunkering vessel, the Monte Shams, with a capacity of 18,600 m³. The vessel, named after Oman's Jabal Shams ('Mountain of the Sun'), will begin operations in mid-2028, joining TotalEnergies' growing fleet that includes Gas Agility (Rotterdam), Gas Vitality (Marseille), and Brassavola (Singapore). The Monte Shams will be outfitted with best-in-class technology, including an engine that reduces fuel consumption by 7 percent and ensures high combustion efficiency to limit methane emissions. The vessel will also feature continuous emission monitoring systems and will undergo regular leak detection and repair (LDAR) campaigns, aligning with the highest technical and environmental standards in maritime fuel operations. It will service a broad range of vessels, including containerships, tankers, and large cruise ships.
