TotalEnergies: India: Delivery of the First Cargo to the Dhamra LNG Terminal

Rhea-AI Summary

TotalEnergies has successfully delivered its first liquefied natural gas (LNG) cargo to the Dhamra LNG terminal in Odisha, India. This terminal, a joint venture with Adani, significantly boosts India's regasification capacity by 5 million metric tons annually, enhancing its position as the fifth largest LNG importer globally. The terminal’s commercial operations are anticipated to commence by the end of May 2023. TotalEnergies aims to increase the natural gas share in its sales mix to 50% by 2030, reinforcing its commitment to reducing carbon emissions and supporting India's transition from coal to natural gas.

Positive

• Delivery of first LNG cargo to Dhamra terminal enhances India's regasification capacity by 5 million metric tons annually.
• Strengthens India's position as the world's fifth largest LNG importer.
• TotalEnergies aims to increase natural gas share in sales mix to 50% by 2030.

Negative

• None.

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

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces the delivery of a first liquefied natural gas (LNG) cargo to the Dhamra LNG terminal, located in the state of Odisha on the east coast of India and owned and operated by Adani Total Private Limited (ATPL), a 50-50 joint venture between TotalEnergies and Adani. This delivery enables the gradual commissioning of the terminal, which is expected to start commercial operations at the end of May 2023.

With regasification capacity of 5 million metric tons of LNG per year, the Dhamra LNG terminal adds more than 10% to India’s regasification capacity, strengthening the country’s position as the world's fifth largest LNG importer and allowing it to increase the share of natural gas in its energy mix from 8% to 15% by 2030 to reduce its carbon intensity.

"We are pleased to have completed the first delivery of LNG to the new Dhamra LNG terminal, developed in partnership with Adani, with a cargo from Qatar. India wants to develop the use of natural gas to reduce the carbon intensity of its energy mix by replacing coal, and LNG can therefore meet growing domestic demand. The commissioning of the Dhamra terminal reflects TotalEnergies' ambition to support India’s energy transition and supply security,” said Thomas Maurisse, Senior Vice President LNG at TotalEnergies.

TotalEnergies, the world’s third largest LNG player

TotalEnergies is the world’s third largest LNG player with a market share of around 12% and a global portfolio of about 50 Mt/y 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.

About TotalEnergies

TotalEnergies is a global multi-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 energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.

@TotalEnergies TotalEnergies TotalEnergies TotalEnergies

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. 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 Universal 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).

View source version on businesswire.com: https://www.businesswire.com/news/home/20230417005388/en/

TotalEnergies

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 significance of TotalEnergies' LNG delivery to the Dhamra terminal on May 2023?

TotalEnergies' LNG delivery to the Dhamra terminal marks a significant step in boosting India's regasification capacity, promoting natural gas use and enhancing energy transition efforts.

How much will the Dhamra LNG terminal increase India's LNG regasification capacity?

The Dhamra LNG terminal will increase India's LNG regasification capacity by 5 million metric tons annually.

What is TotalEnergies' goal for natural gas sales by 2030?

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