TotalEnergies, the largest U.S. LNG exporter, plans to increase investments in American LNG supply and explore expansion opportunities for its existing projects. The French energy giant, already the world's second-largest LNG trader, aims to strengthen its U.S. position through potential investments in Cameron LNG's fourth train and Rio Grande LNG's production facilities. This move follows TotalEnergies' recent acquisition of a stake in dry gas assets in Texas, further integrating its gas value chain in the U.S. CEO Patrick Pouyanne believes U.S. LNG exports, while potentially impacting domestic prices, are not the primary driver of inflation, citing infrastructure limitations as a bigger factor.
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.
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. Pouyanne believes that U.S.
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