LNG: A major player in this transition energy
With 10% market share, TotalEnergies has emerged as the world’s third-ranked LNG supplier. That success is rooted in a long-term supply portfolio, of which 60% is our own production and 40% is purchased from third parties. With operations in the United States, the Middle East, Africa and Asia, the Company expects that portfolio to grow by half between now and 2030, thanks to projects underway in Mexico, the U.S., Qatar and Oman. That global reach is an asset, giving us more flexible options and the ability to optimize our transactions on international markets. Consistent with our strategy of reducing both costs and emissions, our new projects aim for profitability coupled with a smaller carbon footprint: the Marsa LNG project in Oman will be the first all-electric liquefaction plant, powered by renewable energy. LNG also plays a key role in the electricity value chain, the second cornerstone of the Company’s strategy, with a portfolio of flexible, strategic and resilient assets.
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The advantages of LNG
- By offsetting intermittent renewable energies in power generation, LNG ensures a 24-hour supply of low-carbon electricity: 100% renewable power coupled with battery storage and/or power generated from gas-fired combined cycle plants.
- It provides an alternative to coal for countries where the latter is still used to produce electricity, since gas-fired plants produce half as much CO2.
GranMorgu: A landmark project
The Granmorgu, or goliath grouper, is a fish that can grow to a length of 2.5 meters over a lifespan of up to forty years. It inspired the name of this massive, long-term project. The Final Investment Decision (FID) was obtained in record time, just one year after the appraisal process was completed. That feat is the result of a new strategy for collaborating with contractors to expedite the study phase and reduce development costs and timeframes. When it comes to emissions reduction, GranMorgu will be the Company’s first FPSO equipped with a comprehensive array of methane leak sensors. Fully electric and highly energy-efficient, the installation will accommodate tie-back opportunities for expanding the production plateau. GranMorgu embodies the Company’s standards for innovation and operational excellence, offering a perfect example of its strategy focused on low-cost, low-emission projects.
First oil expected mid-2028
750 Mb
recoverable resources
220 kb/d
4-years plateau
Production plateau
85 kbo e/d
TotalEnergies share
< 16 kg/boe
Sc. 1+2 Intensity (CO2e)
Designed to minimize emissions
- All-electric FPSO
- High energy efficiency: waste heat recovery, HP gas separation, deep water intake
- Minimizing methane emissions: closed flare, vent recovery units, permanent methane detection