EuropeLNG Terminals

TotalEnergies says average Q4 LNG price surges

By LNG Prime Staff
TotalEnergies says average Q4 LNG price surges
For illustration only (Image: TotalEnergies)

France’s energy giant TotalEnergies reported a jump in its average price for equity liquefied natural gas (LNG) sales in the fourth quarter.

TotalEnergies said on Monday the average LNG price hit $13.12/MMBtu in the October-December period, logging a rise when compared to the previous three-month period but also year-on-year.

The price rose about $4.02/MMBtu compared with the previous quarter, while it surged 167.7 percent when compared to the same period in 2020.

TotalEnergies reported an average LNG sales price of $4.90/MMBtu for the fourth quarter in 2020.

LNG volumes for the fourth quarter are not available yet as the Paris-based firm will release its quarterly results in February.

TotalEnergies expects “significantly higher” results from its gas and LNG trading activities in the fourth quarter, “capturing optimization opportunities generated by large LNG trading portfolio in the prevailing high gas spot price environment.”

The company’s LNG sales in the third quarter increased 24 percent to 10 million tonnes when compared to the same period last year but they dropped from 10.5 million tonnes in the second quarter.

Also, TotalEnergies’ LNG sales increased 7 percent in the January-September period to 30.4 million tonnes.

Most Popular

Contracts and Tenders

Galp wins Calcasieu Pass arbitration against Venture Global

Portuguese energy firm Galp has won an arbitration case against US LNG exporter Venture Global LNG over LNG sales from the Calcasieu Pass plant in Louisiana.
Vessels

MISC to order five more LNG carriers for Petronas charter

Malaysian shipping firm MISC will order five additional newbuild 174,000-cbm liquefied natural gas (LNG) carriers at China's Hudong-Zhonghua. The vessels will serve a 20-year charter with a unit of MISC's parent, Petronas.
LNG Terminals

Singapore LNG kicks off work on third jetty

State-owned LNG terminal operator Singapore LNG has officially kicked off the construction of a new LNG jetty, which will support the further growth of LNG bunkering in Singapore.

More News Like This

LNG Terminals

TotalEnergies plans second Mozambique LNG phase

French energy giant TotalEnergies plans to expand its Mozambique LNG project, currently under construction in Cabo Delgado province, with a second phase, according to management.
Corporate

TotalEnergies board backs CEO Pouyanne for another term

French energy giant and LNG player TotalEnergies said ​on Friday that ‌its board unanimously ​backed ​the renewal of ⁠chairman ​and ​CEO Patrick Pouyanne's mandate.
LNG Terminals

TotalEnergies, Amni take FID on Ima gas project to supply Nigeria LNG

French energy giant TotalEnergies and its partner Amni have taken the final investment decision for the development of the Ima gas project offshore Nigeria to supply Nigeria LNG’s Bonny Island export plant.
Contracts and Tenders

TotalEnergies, GS Energy pen long-term LNG SPA

French energy giant TotalEnergies has entered into a long-term agreement with South Korea’s GS Energy to supply the latter with liquefied natural gas (LNG).