The Shareholders' Newsletter #78 Fall 2025

The Company pursues its investments in the United States and signs a long-term delivery partnership agreement in Asia.

TotalEnergies has signed agreements with NextDecade to take a 10%* stake in the joint venture developing Train 4 of Rio Grande LNG, a liquefied natural gas plant project in Texas, the Final Investment Decision (FID) for which was made in September 2025.

The Company will withdraw 1.5 million metric tons of LNG per year for 20 years from the plant, increasing its total LNG export capacity in the United States to over 17 Mtpa by 2030.

In addition, consistent with its objective of reinforcing its integrated position in LNG through the production of competitive, low-cost and low-emission gas, TotalEnergies has signed an agreement with Continental Resources to acquire a 49% interest in natural gas producing assets in the Anadarko Basin in Oklahoma, serving to increase its US natural gas production. The acquisition supplements those of Dorado and Constellation, completed in 2024 and located in the Eagle Ford Basin.

Lastly, in South Korea, TotalEnergies has signed a long-term agreement with KOGAS to deliver 1 million metric tons of LNG per year over a 10-year period starting from 2027.

These transactions illustrate TotalEnergies’ strategy aimed at maintaining a global market share of around 10%, securing outlets in Asia, and diversifying its supply sources by harnessing low-cost and low-emission resources, while reducing its exposure to the spot market.