The firm on Monday (11th April) said it wants to expand its Cameron LNG project, through the development of a fourth train with a production capacity of 6.75 million metric tonnes per annum (mtpa), as it strives to be the leading exporter of US LNG.
Under terms of the deal, TotalEnergies will offtake 16.6% of the projected fourth train’s production capacity, and 25% of the projected debottlenecked capacity.
Patrick Pouyanné, Chairman and CEO of TotalEnergies, said, “We are pleased to take this new step with our partners to increase liquefaction capacity at Cameron LNG, a facility ideally located on the Atlantic basin for export to Europe.”
“In recent years, TotalEnergies has become the leading exporter of US LNG, most of which has been exported to Europe in recent times, contributing to the continent’s security of energy supply.”
“TotalEnergies is committed to further expanding its presence in the US, thus meeting growing need for LNG, a key transition fuel.”
Development of the Cameron LNG expansion project remains subject to definitive agreements, obtaining the necessary permits, and all partners reaching a final investment decision planned for 2023.