TotalEnergies expands its US natural gas production

France’s TotalEnergies has agreed to buy the 20 percent interest held by Lewis Energy in the Dorado leases operated by EOG Resources in the Eagle Ford shale play, increasing its natural gas production capacity in Texas and further strengthening its business integration in the US LNG value chain.

Located in Texas, the Dorado field will allow TotalEnergies to increase its net US natural gas production by 50 million cubic feet a day (Mcf/d) in 2024, with the potential for an additional 50 Mcf/d by 2028, it said in a statement.

According to TotalEnergies, the field has an emission intensity of around 10 kg CO2e/boe.

In 2023, TotalEnergies’ net US natural gas output reached around 340 Mcf/d (450 Mcf/d technical production).

Largest exporter of US LNG

With over 10 million tons (Mt) in 2023, TotalEnergies was the number one exporter of US LNG, thanks to its 16.6 percent stake in the Sempra infrastructure-operated Cameron LNG plant in Louisiana and several long-term purchasing agreements, the firm claims.

Moreover, the company’s LNG export capacity will reach 15 Mt/y by 2030 following the start-up of the first phase of NextDecade’s Rio Grande LNG project in Texas, currently under construction.

“This acquisition strengthens our production of natural gas in the United States, contributing to reinforce TotalEnergies’ LNG integration with a low cost and low emission upstream gas feed,” said Nicolas Terraz, president, exploration and production at TotalEnergies.

Most Popular

Spot LNG shipping rates slightly up this week

Spot charter rates for the global liquefied natural gas (LNG) carrier fleet rose slightly this week compared to the previous week.

Gastrade in talks to receive new LNG cargoes at Alexandroupolis FSRU

Greece's Gastrade is in talks with firms to receive the next spot LNG cargoes at the Alexandroupolis FSRU-based terminal since the shutdown in January this year.

Malaysia’s MHB bags new LNG carrier repair jobs

Malaysia Marine and Heavy Engineering (MHB) has secured new contracts to repair liquefied natural gas (LNG) carriers.

More News Like This

NextDecade secures equity commitments for fourth Rio Grande LNG train

US LNG firm NextDecade has secured up to $1.8 billion in equity commitments from TotalEnergies and Global Infrastructure Partners to finance the construction of the fourth train at its Rio Grande LNG facility in Texas.

Hudong-Zhonghua to build another LNG bunkering vessel for TotalEnergies

China’s Hudong-Zhonghua said it had secured another order to build one 18,600-cbm LNG bunkering vessel for French energy giant TotalEnergies and Spain's shipping firm Ibaizabal.

TotalEnergies working on Mozambique LNG restart, CEO says

France's TotalEnergies and its partners in the giant Mozambique LNG project are still working with the Mozambique government on restarting construction on the 12.8 mtpa project, according to Patrick Pouyanne, CEO of TotalEnergies.

TotalEnergies reports higher LNG sales, lower earnings

French energy giant TotalEnergies reported higher LNG sales in the second quarter of this year, while its integrated LNG business logged lower adjusted net operating income due to lower prices.