TotalEnergies in Gladstone LNG deal with GIP

France’s TotalEnergies said it has completed a transaction with a unit of Global Infrastructure Partners in relation to the downstream facilities of the Gladstone LNG project in Australia.

Total GLNG Australia, which has a stake in the Santos-led plant on Curtis Island, completed the transaction worth more than $750 million with GIP Australia.

As part of this transaction effective January 1, 2021, GIP would receive a throughput-based tolling fee calculated on TGA’s share of gas processed through the downstream facilities over a period of 15 years, TotalEnergies said in a statement.

The unit of TotalEnergies retains full control and ownership of its 27.5% interest in the Gladstone LNG downstream joint venture.

“We have worked closely with GIP to achieve this infrastructure transaction and are happy of this first collaboration with such an experienced infrastructure partner,” Jean-Pierre Sbraire, chief financial officer at TotalEnergies, said.

“This monetization of infrastructure assets contributes to focusing further TotalEnergies’ capital on core producing assets and fully reflects TotalEnergies’ active portfolio management”, he said.

The integrated LNG project consists of producing natural gas from the Fairview, Arcadia, Roma and Scotia fields, located in the Bowen-Surat Basin in Queensland, Australia.

Also, the project includes transporting the gas over approximately 400 kilometers to a gas liquefaction plant in the industrial port of Gladstone, northeast of Brisbane, on the eastern coast of Australia.

The Gladstone LNG plant consists of two trains with a total nameplate capacity in excess of 7.8 million tons per year.

The downstream facilities mainly comprise the gas transportation system and the two-train gas liquefaction plant. The project has been exporting LNG since 2015.

Most Popular

Monkey Island LNG selects ConocoPhillips’ liquefaction tech

Monkey Island LNG has selected ConocoPhillips’ optimized cascade process liquefaction technology for its planned 26 mtpa liquefaction and export facility in Cameron Parish, Louisiana.

Italy’s Adriatic LNG to resume full ops by mid-September

Italy’s Adriatic LNG import terminal, owned by VTTI and Snam, expects to resume full operations by the middle of this month following the completion of maintenance activities.

Gasgrid says seven Inkoo regas slots booked

Firms have booked seven regasification slots at the Inkoo FSRU-based terminal for 2026 following the completion of the annual allocation procedure, according to Finland’s gas system and LNG terminal operator Gasgrid.

More News Like This

Santos CEO expects Papua LNG FID in early 2026

France's TotalEnergies and its partners plan to take a final investment decision on the Papua LNG export project in Papua New Guinea in the first quarter of 2026, according to Santos CEO Kevin Gallagher.

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.

Gladstone LNG exports climb in July

Liquefied natural gas (LNG) exports from the Gladstone port in Australia’s Queensland rose in July compared to the same month last year, according to the monthly data by Gladstone Ports Corporation.

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.