TotalEnergies, the biggest exporter of U.S. LNG, plans to boost investments in American LNG supply and will consider expanding the export projects it is already invested in, the French supermajor’s CEO Patrick Pouyanne told Reuters in an interview.

TotalEnergies, which exports more than 10 million tons per year of LNG from the United States, is also the world’s second-largest LNG trader after Shell. The French company has a 16.6% stake in the Cameron LNG plant in Louisiana and has several long-term purchasing agreements with U.S. LNG exporters.

TotalEnergies has been heavily investing in LNG in various geographies in recent years and is now looking to further boost its U.S. position.

TotalEnergies could invest in a possible expansion of Cameron LNG by adding a fourth train, and expand Rio Grande LNG with more production facilities, the executive added.

Earlier this year, TotalEnergies announced a deal to buy a 45% stake in dry gas-producing assets owned and operated by Lewis Energy Group in the Eagle Ford basin in Texas, growing its gas production business and boosting its LNG portfolio. TotalEnergies is further increasing the integration across its gas value chain in the United States, the French supermajor said in September 2024 announcing a second such transaction in the U.S. gas sector last year.

Source: OILPRICE