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TotalEnergies Expands Global LNG Bunkering Footprint

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TotalEnergies has signed a charter contract with Spanish shipowner Ibaizabal for a new Liquefied Natural Gas (LNG) bunker vessel of 18,600m3 capacity. This vessel will expand the company's global presence in bunkering hubs, potentially being deployed in Oman as part of the Marsa LNG project. The new ship will join TotalEnergies' current fleet of three LNG bunker vessels and is set to be delivered by the end of 2026.

LNG as a marine fuel reduces greenhouse gas emissions by around 20% compared to conventional fuels, while significantly improving air quality by reducing nitrogen oxides, sulfur oxides, and fine particulates. TotalEnergies, as the world's third-largest LNG player, aims to increase the share of natural gas in its sales mix to nearly 50% by 2030, focusing on reducing carbon emissions and eliminating methane emissions in the gas value chain.

TotalEnergies ha firmato un contratto di charter con l'armatore spagnolo Ibaizabal per una nuova nave per il bunkeraggio di Gas Naturale Liquefatto (GNL) con capacità di 18.600 m³. Questa nave amplificherà la presenza globale dell'azienda nei hub di bunkeraggio, potenzialmente impiegata in Oman come parte del progetto Marsa GNL. La nuova nave si unirà alla flotta attuale di TotalEnergies, composta da tre navi per il bunkeraggio di GNL e sarà consegnata entro la fine del 2026.

Il GNL come carburante marino riduce le emissioni di gas serra di circa il 20% rispetto ai carburanti convenzionali, migliorando significativamente la qualità dell'aria riducendo gli ossidi di azoto, gli ossidi di zolfo e le particelle fini. TotalEnergies, terzo operatore mondiale nel settore del GNL, mira ad aumentare la quota di gas naturale nel proprio mix di vendite a quasi il 50% entro il 2030, concentrandosi sulla riduzione delle emissioni di carbonio ed eliminando le emissioni di metano nella catena del valore del gas.

TotalEnergies ha firmado un contrato de charter con el armador español Ibaizabal para un nuevo buque de abastecimiento de Gas Natural Licuado (GNL) con capacidad de 18.600 m³. Este buque ampliará la presencia global de la empresa en los centros de abastecimiento, pudiendo ser desplegado en Omán como parte del proyecto Marsa GNL. El nuevo barco se unirá a la actual flota de TotalEnergies, que cuenta con tres buques de abastecimiento de GNL, y se prevé que sea entregado a finales de 2026.

El GNL como combustible marino reduce las emisiones de gases de efecto invernadero en aproximadamente un 20% en comparación con los combustibles convencionales, mejorando significativamente la calidad del aire al reducir los óxidos de nitrógeno, los óxidos de azufre y las partículas finas. TotalEnergies, el tercer mayor operador de GNL del mundo, tiene como objetivo aumentar la proporción de gas natural en su mezcla de ventas a casi el 50% para 2030, centrándose en reducir las emisiones de carbono y eliminar las emisiones de metano en la cadena de valor del gas.

토탈에너지(TotalEnergies)는 스페인 선주 이바이자발(Ibaizabal)과 18,600m³ 용량의 새로운 액화천연가스(LNG) 벙커선에 대한 차터 계약을 체결했습니다. 이 선박은 회사의 글로벌 벙커링 허브에서의 존재감을 확장하며, 오만에서 마르사 LNG 프로젝트의 일환으로 배치될 가능성이 있습니다. 새로운 선박은 토탈에너지의 현재 3척의 LNG 벙커선과 함께 운영될 예정이며, 2026년 말까지 인도될 예정입니다.

LNG는 해양 연료로서 기존 연료에 비해 온실가스 배출을 약 20% 줄이며, 질소산화물, 황산화물 및 미세먼지를 줄여 공기 질을 크게 개선합니다. 세계에서 세 번째로 큰 LNG 사업자인 토탈에너지는 2030년까지 판매 믹스에서 자연가스 비율을 거의 50%까지 늘리는 것을 목표로 하며, 탄소 배출을 줄이고 가스 가치 사슬에서 메탄 배출을 없애는 데 집중하고 있습니다.

TotalEnergies a signé un contrat de charter avec l'armateur espagnol Ibaizabal pour un nouveau Navire de ravitaillement en Gaz Naturel Liquéfié (GNL) d'une capacité de 18.600 m³. Ce navire étendra la présence mondiale de l'entreprise dans les hubs de ravitaillement, pouvant potentiellement être déployé à Oman dans le cadre du projet Marsa GNL. Le nouveau navire rejoindra la flotte actuelle de TotalEnergies, qui compte trois navires de ravitaillement en GNL, et devrait être livré d'ici fin 2026.

Le GNL en tant que carburant maritime réduit les émissions de gaz à effet de serre d'environ 20% par rapport aux carburants conventionnels, tout en améliorant considérablement la qualité de l'air en réduisant les oxydes d'azote, les oxydes de soufre et les particules fines. En tant que troisième acteur mondial du GNL, TotalEnergies vise à augmenter la part du gaz naturel dans son mix de ventes à près de 50% d'ici 2030, en se concentrant sur la réduction des émissions de carbone et l'élimination des émissions de méthane dans la chaîne de valeur du gaz.

TotalEnergies hat einen Chartervertrag mit dem spanischen Schiffsbesitzer Ibaizabal für ein neues Liquefied Natural Gas (LNG) Bunkerschiff mit einem Fassungsvermögen von 18.600 m³ unterzeichnet. Dieses Schiff wird die globale Präsenz des Unternehmens in den Bunker-Hubs erweitern und könnte im Rahmen des Marsa LNG-Projekts im Oman zum Einsatz kommen. Das neue Schiff wird der aktuellen Flotte von TotalEnergies, die aus drei LNG-Bunkerschiffen besteht, beitreten und soll bis Ende 2026 ausgeliefert werden.

LNG als maritimer Kraftstoff reduziert die Treibhausgasemissionen im Vergleich zu herkömmlichen Kraftstoffen um etwa 20% und verbessert gleichzeitig die Luftqualität erheblich, indem Stickoxide, Schwefeloxide und Feinstaub reduziert werden. TotalEnergies, der drittgrößte LNG-Anbieter der Welt, strebt an, den Anteil von Erdgas im Verkaufs-Mix bis 2030 auf nahezu 50% zu erhöhen, wobei der Fokus auf der Reduzierung von Kohlenstoffemissionen und der Beseitigung von Methanemissionen in der Erdgas-Wertschöpfungskette liegt.

Positive
  • Expansion of LNG bunkering capabilities with a new 18,600m3 capacity vessel
  • Potential deployment in Oman, developing the Marsa LNG project
  • LNG as marine fuel reduces GHG emissions by ~20% compared to conventional fuels
  • TotalEnergies is the world's third-largest LNG player with a global portfolio of 44 Mt/y in 2023
  • Company aims to increase natural gas share in sales mix to ~50% by 2030
Negative
  • None.

Insights

TotalEnergies' expansion of its LNG bunkering fleet with a new 18,600m3 vessel signifies a strategic move to strengthen its position in the growing LNG marine fuel market. This investment aligns with the global maritime industry's shift towards cleaner fuels to meet stricter environmental regulations. The potential deployment in Oman, linked to the Marsa LNG project, indicates TotalEnergies' focus on developing key LNG supply hubs in strategic locations. The company's commitment to LNG as a transition fuel is evident, with significant environmental benefits highlighted, including a 20% reduction in GHG emissions and substantial cuts in NOx and SOx. For investors, this move reinforces TotalEnergies' long-term strategy in the LNG sector and its positioning as a leader in the energy transition, potentially driving future revenue growth in this expanding market segment.

TotalEnergies' expansion of LNG bunkering capabilities represents a significant step in addressing the shipping industry's environmental challenges. The 20% reduction in GHG emissions, 85% cut in NOx and near-elimination of SOx and particulates from LNG use are substantial improvements over conventional marine fuels. This aligns with increasing regulatory pressure on shipping to reduce its environmental footprint. However, it's important to note that while LNG is a cleaner alternative, it's still a fossil fuel. The mention of bio or synthetic LNG potential suggests TotalEnergies is looking ahead to even lower-carbon solutions. For investors, this positions the company well in the short to medium term, but long-term success will depend on further innovations in truly zero-emission fuels. The focus on improving air quality in port cities also adds a positive social impact dimension to the investment.

TotalEnergies' charter of a new LNG bunker vessel demonstrates the company's commitment to meeting the growing demand for LNG as a marine fuel. With the global LNG-fueled fleet expanding rapidly, this investment is timely and strategic. The company's existing fleet of three LNG bunker vessels in key locations like Rotterdam, Marseille and Singapore, plus this new addition potentially serving Oman, creates a robust global network. This positions TotalEnergies as a reliable supplier for the increasing number of LNG-powered vessels, including large containerships and cruise ships. For investors, this move indicates potential for steady, long-term revenue growth in the marine fuel sector. The partnership with Ibaizabal also showcases TotalEnergies' ability to leverage strategic relationships to expand its operational capabilities without heavy capital expenditure on vessel ownership, a prudent financial strategy in a transitioning market.

PARIS--(BUSINESS WIRE)-- Regulatory News:

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has signed a charter contract with Spanish shipowner Ibaizabal for a new Liquefied Natural Gas (LNG) bunker vessel of 18,600m3 capacity. This new vessel will expand the Company’s global presence in bunkering hubs. In particular, this additional vessel might be deployed in Oman, where the Company is developing the Marsa LNG project with the objective to provide LNG to the shipping sector in the Gulf.

The vessel, owned by Ibaizabal, will supply LNG to a wide range of vessels (containerships, tankers, large cruise ships, ferries) at TotalEnergies’ LNG bunkering hubs and meet the highest technical and environmental standards.

Used as a marine fuel, LNG is an immediately available transition fuel that reduces greenhouse gas (GHG) emissions in the shipping sector by around 20%. It also significantly improves air quality by reducing nitrogen oxides (NOx) emissions by up to 85%, and it almost completely eliminates (by 99%) sulfur oxides (SOx) and fine particules. These benefits are particularly impactful when ships are at berth, improving the quality of life for port cities and communities in coastal areas.

This new vessel, currently being constructed by Hudong–Zhonghua Shipbuilding in China, will be delivered by the end of 2026 and will join TotalEnergies’ current fleet of three deployed LNG bunker vessels: the Gas Agility, which has been positioned in the port of Rotterdam, the Gas Vitality, operated in the Port of Marseille and the Brassavola located in the Port of Singapore.

“We are very proud of this agreement with Ibaizabal, which reinforces our position as a main player in LNG bunkering” said Louise Tricoire, TotalEnergies Senior Vice President, Aviation and Marine Fuels. “With new LNG-fuelled vessels coming on stream at a rapid pace, we are committed to playing our part in responding to the sector’s increasing demand for this fuel which can help global shipping meet its decarbonization ambitions.”

Mr Jorge Zickermann, CEO Ibaizabal Group, said, “Ibaizabal is honoured to be chosen to carry out this Project as it falls within our strategy of decarbonizing the maritime industry, together with a leading company in the LNG field, while enhancing the already long-term relationship in shipping with TotalEnergies.”

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LNG’s role in shipping’s energy transition

Used as a marine fuel, LNG helps cut greenhouse gas emissions by around 20% compared to conventional marine fuel and has the potential to reduce emissions significantly more if bio or synthetic LNG is used. As such, marine LNG is a sustainable, affordable and immediately available way of reducing emissions in the shipping sector. TotalEnergies has actively invested in LNG bunkering infrastructure, critical to supporting its shipping customers' adoption of LNG as a marine fuel.

TotalEnergies, the world’s third largest LNG player

TotalEnergies is the world’s third largest LNG player with a global portfolio of 44 Mt/y in 2023 thanks to its interests in liquefaction plants in all geographies. The Company benefits from an integrated position across the LNG value chain, including production, transportation, access to more than 20 Mt/y of regasification capacity in Europe, trading, and LNG bunkering. TotalEnergies’ ambition is to increase the share of natural gas in its sales mix to close to 50% by 2030, to reduce carbon emissions and eliminate methane emissions associated with the gas value chain, and to work with local partners to promote the transition from coal to natural gas.

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About TotalEnergies

TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to provide as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations.

Cautionary Note
The terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. TotalEnergies SE has no liability for the acts or omissions of these entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activities is provided in the most recent Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).

TotalEnergies Media Contact

Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com l @TotalEnergiesPR

Investor Relations: +33 (0)1 47 44 46 46 l ir@totalenergies.com

Source: TotalEnergies SE

FAQ

What is the capacity of TotalEnergies' (TTE) new LNG bunker vessel?

TotalEnergies' new LNG bunker vessel has a capacity of 18,600m3.

When is TotalEnergies' (TTE) new LNG bunker vessel expected to be delivered?

The new LNG bunker vessel is expected to be delivered by the end of 2026.

How many LNG bunker vessels does TotalEnergies (TTE) currently operate?

TotalEnergies currently operates a fleet of three LNG bunker vessels: Gas Agility, Gas Vitality, and Brassavola.

What is TotalEnergies' (TTE) target for natural gas in its sales mix by 2030?

TotalEnergies aims to increase the share of natural gas in its sales mix to close to 50% by 2030.

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