The Shareholders' Newsletter #78 Fall 2025

Strategy

TotalEnergies: the leading U.S. LNG exporter

TotalEnergies today ranks as the leading exporter of U.S. LNG, with more than 10 million metric tons shipped annually and over 16 million expected by 2030. This leadership is built on a strategic, integrated presence across the entire gas value chain: production, liquefaction, trading and export.

The Company has a 16.6% stake in the Cameron LNG plant in Louisiana, enabling exports of 4 million metric tons per year. In Texas, TotalEnergies is currently developing three liquefaction trains in the Rio Grande LNG project with its partners. This year’s decision to invest in a fourth train will secure rights for TotalEnergies to offtake up to 7 million metric tons of LNG annually for 20 years from this asset alone. The Company also has purchase contracts with U.S. terminals at Sabine Pass LNG, Freeport LNG, and Corpus Christi LNG.

The recent acquisition of non-operated gas assets in the Eagle Ford (Texas) and Anadarko (Oklahoma) basins complements fields operated by the Company in the Barnett (Texas), further strengthening our integration in the U.S. LNG chain. As part of its continuous improvement approach, TotalEnergies deploys technologies that significantly reduce methane emissions across this entire chain.

Thanks to these strong positions, TotalEnergies actively contributes to Europe’s gas supply security and offers Asian customers - through long-term purchase agreements - a sustainable alternative to coal.

© DALTON Scott - CAPA Pictures - TotalEnergies

Electricity: top 5 renewable energy producer in the U.S.

TotalEnergies has rapidly expanded in certain deregulated U.S. power markets through joint ventures and acquisitions, such as its 50% stake in Clearway Energy Group, one of the country’s leading renewable energy developers. True to our integrated model, we have invested across the entire value chain: renewables, flexible gas-based power generation (CCGT), battery storage, trading and B2B marketing.

By the end of 2024, the United States represented one of our largest global renewable electricity portfolios, with 30 GW of solar and wind farms and battery storage capacity, including more than 10 GW already in operation or under construction. We continue to develop low-carbon assets in key U.S. power markets - ERCOT in Texas, PJM in the Northeast, and CAISO in California. Our portfolio enables us to offer American customers - including data centers and tech players such as Google - 24/7 low-carbon electricity to support their growth while meeting their climate commitments. Our Houston-based power trading hub also supplies renewable energy certificates (RECs) from our solar plants to TotalEnergies’ industrial sites in Port Arthur and La Porte (Texas) and Carville (Louisiana).

We are also developing decentralized electricity solutions for major commercial and industrial clients such as Macy’s, the Washington Metropolitan Area Transit Authority, and JFK Airport.

With its historic presence, profitable and ambitious investments, and a forward-looking multi-energy strategy, TotalEnergies is asserting itself as a major integrated energy player in the United States - a land of opportunity at the heart of global energy challenges.