TotalEnergies says average Q2 LNG price up

TotalEnergies said its average price for equity LNG sales in the second quarter has reached $6.59/MMBtu, logging a rise when compared to the previous three-month period but also year-on-year.

The price rose about $0.51/MMBtu compared with the previous quarter, while it surged 50 percent when compared to the same period in 2020.

TotalEnergies reported an average LNG sales price of $4.40/MMBtu for the April-June period in 2020.

LNG volumes for the second quarter are not available yet as the Paris-based firm will release its quarterly results on July 29.

To remind, the company’s January-March LNG sales increased 1 percent to 9.9 million tonnes when compared to the same period in 2020 but they were slightly down from 10 million tonnes in the fourth quarter.

The firm said sales rose despite a 6 percent decrease in hydrocarbon production for LNG. The shutdown of Equinor’s Hammerfest LNG plant in Norway affected the production, according to Total.

TotalEnergies is currently the world’s second-largest private LNG operator, behind Shell. The firm plans to have a global portfolio of nearly 50 Mtpa by 2025 and a global market share of around 10 percent.

Most Popular

Venture Global’s Plaquemines LNG to commission third jetty

US LNG exporter Venture Global LNG has received approval from the US FERC to introduce hazardous fluids to the third jetty at its Plaquemines LNG export plant in Louisiana.

Samsung Heavy, KR to develop three-tank LNG carrier

South Korean shipbuilder Samsung Heavy Industries signed a memorandum of understanding with compatriot classification society KR to jointly develop a 174,000-cbm LNG carrier featuring three cargo tanks.

Another FSRU arrives in Egypt

The 160,000-cbm FSRU Energos Eskimo has arrived in Egypt from Jordan, according to shipping data. The unit is one of four FSRUs that will serve a charter deal with Egypt's EGAS as the country seeks to meet its growing demand for natural gas.

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.