CorporateEurope

Total’s average Q1 LNG price up on quarter but down year-on-year

By LNG Prime Staff
Total’s average Q1 LNG price up on quarter but down year-on-year
The 174,000-cbm Qogir, chartered by Total (Image: TMS Cardiff Gas)

Total said its average price for equity LNG sales in the first quarter reached $6.08/MMBtu, logging a rise when compared to the previous three-month period but still down year-on-year.

The price rose about $1.18/MMBtu compared with the previous quarter, while it dropped some 3.8 percent when compared to the same period in 2020.

Total previously reported an average LNG sales price of $6.32/MMBtu for the January-March period in 2020.

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

To remind, the company’s 2020 LNG sales increased 12 percent to 38.3 million tonnes.

The energy giant attributed the rise to the start-up of three trains at Cameron LNG in the US, the ramp-up of Yamal LNG in Russia, and Ichthys LNG in Australia but also an increase in trading activities.

Total 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

LNG Terminals

Venture Global wins Calcasieu Pass arbitration against Shell

US LNG exporter Venture Global LNG has won an arbitration case against UK-based LNG giant Shell over LNG sales from the Calcasieu Pass plant in Louisiana.
Contracts and Tenders

AG&P LNG inks offtake MoU for Australian LNG import project

Nebula Energy’s AG&P LNG said it had signed a memorandum of understanding with an Australian integrated energy provider under which the latter may become a significant offtaker of the proposed Outer Harbor LNG terminal in South Australia.
LNG Terminals

Excelerate working to expand Jamaican LNG business

US FSRU player Excelerate Energy has already made some smaller investments to further optimize its recently acquired LNG business in Jamaica, according to CEO Steven Kobos.

More News Like This

Contracts and Tenders

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.
LNG as Fuel

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.
LNG Terminals

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.
Corporate

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.

2025. © All rights reserved. LNG Prime LLC. 447 Broadway, New York, NY 10013, USA