TotalEnergies, one of the largest exporters of U.S. LNG
The paradox of the energy transition is reducing our dependence on oil as global energy needs rise. To avoid oil output, TotalEnergies must meet the energy demand with other forms.
To meet growing energy consumption worldwide while helping fight climate change, TotalEnergies is focusing on natural gas, which is a key element in the energy transition. Natural gas is a low-carbon energy source that is abundant, inexpensive and flexible and can replace coal and oil for power production in many countries.
TotalEnergies transforms natural gas to liquefied natural gas (LNG) by lowering the temperature of the gas to -163°C. It can then be transported on ships, called LNG carriers, and regasified near the places where it is needed.
In 2021, TotalEnergies is one of the largest exporters of U.S. LNG, accounting for more than 10% of total U.S. LNG.
Climate change is real and we had to react. In fact, the transformation of [TotalEnergies] began shortly after the signing of the Paris Agreement in early ’16 with the creation of Gas, Renewables and Power, a business branch devoted to electricity and gas, including LNG.
LNG is a perfect fit in TotalEnergies’ strategy and will play two important roles in the energy transition:
- Promoting a switch from coal to gas in power generation
- LNG is a natural partner to renewable energies, which are intermittent by nature
Watch the LNG TV episode of Jean-Charles’ discussion on TotalEnergies’ transformation, the evolution of the company and our LNG business.