TotalEnergies, the Largest LNG Exporter in the U.S. in 2021
As part of TotalEnergies’ commitment to providing cleaner energy, we made a number of investments in natural gas, which is a fast-growing fossil fuel, as well as the least carbon-intensive for electricity production.
In the United States, TotalEnergies was able to capitalize on the Group’s worldwide experience in Liquefied Natural Gas (LNG) to build a strong position in the fast growing and increasingly commoditized LNG market.
In December 2016, TotalEnergies joined forces with Tellurian, acquiring 23% of the Houston-based private company, to develop an integrated gas project, from the acquisition of competitive gas production in the U.S. to the delivery of LNG to international markets from the Driftwood LNG terminal in Louisiana.
The acquisition in 2018 of Engie's LNG assets – specifically those relating to the Cameron LNG project in Louisiana – will increase Total’s U.S. export activity to more than 10% of the total U.S. LNG exports by 2020. By then, Total will be exporting LNG from three liquefaction terminals located in the Gulf of Mexico and become the world’s second largest LNG player with an overall LNG portfolio of around 40 million tons per year.