PARIS–(BUSINESS WIRE)–Regulatory News:
Total (Paris:FP) (LSE:TTA) (NYSE:TOT):
The Cameron LNG project has achieved first liquefied natural gas (LNG)
production from train 1. The project will begin exports in the coming
“The start-up of the LNG production marks an important milestone for
the Cameron LNG project. This achievement is the result of work carried
out by all of the teams and project partners. Total’s commitment to
Cameron LNG and its expansion is in line with our strategy to continue
building a strong position in the US LNG market. With Cameron LNG
start-up, we will achieve our target of being integrated along the gas
value chain in the US since we are already a gas producer in the
country”, commented Patrick Pouyanné, Chairman & Chief Executive
Officer of Total.
Total entered the Cameron LNG project through the acquisition of Engie’s
upstream LNG business in 2018. Phase 1 of the Cameron LNG project of
13.5 million tonnes per annum (Mtpa) capacity includes three LNG trains
of 4.5 Mtpa each. Construction is ongoing for trains 2 and 3 with first
production expected by the turn of the year and mid-2020 respectively.
The project is operated by Cameron LNG LLC jointly owned by Sempra
Energy (50.2%), Total (16.6%), Mitsui & Co., Ltd. (16.6%) and
In addition, the Cameron LNG co-owners are currently discussing a
potential expansion of the base project, already authorized by the
Federal Energy Regulatory Commission (FERC), that would add two
liquefaction trains of 4.5 Mtpa capacity each and two LNG storage tanks.
Total, the Second-Largest Private Global LNG Player
Total is the second-largest private global LNG player, with an overall
LNG portfolio of around 40 Mtpa by 2020 and a worldwide market share of
10%. With 21.8 million tonnes of LNG sold in 2018, the Group has solid
and diversified positions across the LNG value chain. Through its stakes
in liquefaction plants located in Qatar, Nigeria, Russia, Norway, Oman,
the United Arab Emirates, the United States, Australia, Angola and
Yemen, the Group sells LNG in all global markets.
Total is a major energy player, which produces and markets fuels,
natural gas and low-carbon electricity. Our 100,000 employees are
committed to better energy that is safer, more affordable, cleaner and
accessible to as many people as possible. Active in more than 130
countries, our ambition is to become the responsible energy major.
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