TotalEnergies: average Q2 LNG price climbs

French energy giant TotalEnergies reported a rise in its average price for equity liquefied natural gas (LNG) sales in the second quarter.

TotalEnergies said on Friday the average LNG price reached $13.96/MMBtu in the April-June period, logging a rise when compared to the previous three-month period but also year-on-year.

The price rose about $0.36/MMBtu compared with the previous quarter, while it surged 111.8 percent when compared to the same period in 2021.

TotalEnergies reported an average LNG sales price of $6.59/MMBtu for the second quarter in 2021.

LNG volumes for the second quarter are not available yet as the Paris-based firm will release its quarterly results on July 28.

“Performance of the gas, LNG and power trading activities is expected to remain high, but without replicating the exceptional contribution of the first quarter of 2022,” TotalEnergies said.

The company’s integrated gas, renewables and power segment reported adjusted net operating income of $3.1 billion in the first quarter, up 11 percent over the previous quarter, and cash flow of $2.6 billion in the first quarter of 2022.

Also, TotalEnergies’ LNG sales increased 34 percent to 13.3 million tonnes in the first quarter when compared to the same period last year. Sales also rose from 11.6 million tonnes in the fourth quarter.

Most Popular

LNG carrier anchors offshore Germany’s Mukran after grounding

The 138,000-cbm LNG carrier Iberica Knutsen was on Friday anchored offshore Mukran, the home of the Deutsche ReGas-operated FSRU-based LNG import facility, following a grounding incident. Deutsche ReGas told LNG Prime that unloading of the vessel's LNG cargo is "part of ongoing operational planning."

Vopak in advanced talks to secure FSRU for Australian LNG import project

Dutch independent storage tank firm Vopak said it is in advanced talks to secure a converted floating storage and regasification unit for its planned LNG import facility in Australia’s Victoria state.

HD Hyundai Mipo clinches order for LNG bunkering duo

South Korea’s HD Hyundai Mipo has won a new order to build two liquefied natural gas (LNG) bunkering vessels.

More News Like This

TotalEnergies seals Ksi Lisims LNG deal

French energy giant TotalEnergies has signed a 20-year deal with Ksi Lisims LNG to buy LNG from the latter's planned export project in Canada. In addition, TotalEnergies will acquire a 5 percent stake in Houston-based Western LNG, the developer, shareholder, and future operator of the Ksi Lisims LNG project.

TotalEnergies targets Mozambique LNG restart by mid-year, CEO says

France's TotalEnergies and its partners in the giant Mozambique LNG project are planning to restart construction on the 12.8 mtpa project by the middle of this year, according to Patrick Pouyanne, CEO of TotalEnergies.

Three Marsa LNG contracts awarded in Oman

Three firms have secured contracts for the TotalEnergies-led Marsa LNG bunkering project worth about $1.6 billion, according to Oman's Sohar Port and Freezone.

TotalEnergies quarterly LNG earnings up, sales down

French energy giant TotalEnergies reported higher LNG earnings and lower sales in the first quarter of 2025.