TotalEnergies embarks on LNG expansion in Texas
Published by Oliver Kleinschmidt,
Editorial Assistant
Tanks and Terminals,
TotalEnergies has extended its footprint in the LNG sector by venturing into the LNG segment with the Rio Grande LNG liquefaction terminal project in South Texas, US.
With all necessary permits secured and the investment decision for the first phase (17.5 million tpy) made in July 2023, TotalEnergies is poised for substantial growth in LNG production. The terminal’s startup is slated for 2027, marking a significant milestone in the company’s LNG journey. TotalEnergies has committed to off-take 5.4 million tpy of LNG for 20 years, propelling the company’s US LNG export capacity to 15 million tpy by 2030.
As a frontrunner in the LNG industry, TotalEnergies recognises the pivotal role LNG plays as a transitional energy source. Its flexibility addresses the intermittency of renewable power generation and aids in reducing emissions, particularly in regions where coal remains a dominant fuel for power generation. With this strategic move into LNG, TotalEnergies has reaffirmed its commitment to sustainable energy solutions and its dedication to shaping the energy landscape of tomorrow.
Read the article online at: https://www.tanksterminals.com/terminals/27032024/totalenergies-embarks-on-lng-expansion-in-texas/
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