TotalEnergies Secures Long-Term LNG Supply Agreement with Glenfarne
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Should l Buy TTE?
Source: Benzinga
- Long-Term LNG Supply Agreement: TotalEnergies has entered into a preliminary agreement with Glenfarne to secure a long-term supply of 2 million tons of liquefied natural gas annually from the Alaska LNG project for 20 years, which is expected to enhance its leadership position in the U.S. LNG market.
- Strategic Project Significance: The Alaska LNG project is the only federally authorized LNG export terminal on the U.S. Pacific coast, with a planned capacity of 20 million tons annually, aimed at directly serving Asia's demand, thereby enhancing energy security.
- Market Expansion Plans: In 2025, TotalEnergies was the top U.S. LNG exporter, shipping 19 million tons, accounting for 18% of the country's production, and this agreement will further diversify its supply sources and strengthen its competitive edge in the market.
- Future Growth Expectations: The company aims to increase the share of natural gas in its sales mix to nearly 50% by 2030 and expects a 3% growth in oil and gas production in 2026, which will support a 7% increase in cash flow at $60 per barrel.
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Analyst Views on TTE
Wall Street analysts forecast TTE stock price to fall
16 Analyst Rating
8 Buy
8 Hold
0 Sell
Moderate Buy
Current: 81.070
Low
60.04
Averages
71.67
High
90.93
Current: 81.070
Low
60.04
Averages
71.67
High
90.93
About TTE
TotalEnergies SE is a France-based company. The Company is predominantly engaged in the business as a worldwide oil group. Its segment divisions are divided into refining and chemistry such as refining of petroleum products and manufacture of basic chemistry and of specialty chemistry, petroleum products distribution, electricity generation from combined cycle gas plants and renewable energies, gas production, trading, transport and distribution primarily includes liquefied natural gas, natural gas, biogas, hydrogen, liquefied petroleum gas and hydrocarbon operating and production. The group is also operating in trading and sea transport of crude oil and oil products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Rapid Project Development: Developed by TotalEnergies' subsidiary Kyon Energy, these projects are expected to be operational by 2028, utilizing next-generation battery technology to enhance the flexibility of the German power system and support renewable energy growth.
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