Connection

popular articles

China vs. Europe: The gap is widening in the electric vehicle market
Muroosystems moves into nuclear waste management and dismantling
Shell suspends construction of its Rotterdam biofuels site
European Energy Launches Construction of Its First Solar Farm in Latvia
Argentina: YPF Completes Pipeline to Boost Oil Exports to Chile

TotalEnergies acquires a major Malaysian gas operator

TotalEnergies announced the acquisition of 50% of Sapura Upstream Assets in SapuraOMV for $530 million, consolidating its position in the Malaysian gas industry.
TotalEnergies Malaisie

Please share:

TotalEnergies has confirmed the purchase of Sapura Upstream Assets’ (SUA) 50% stake in the Malaysian company SapuraOMV. This $530 million deal follows a similar purchase of OMV shares, establishing TotalEnergies as a major player in Malaysia. Patrick Pouyanné, Chairman and CEO of TotalEnergies, underlines the importance of this strategic expansion, strengthening their presence in natural gas resources.

Details of the operation

The acquisition includes the purchase of shares and a loan previously granted to SapuraOMV by OMV. The total transaction is worth around $903 million, consolidating TotalEnergies’ position in offshore gas fields. These fields, located offshore Sarawak, are essential for production for Petronas’ liquefaction plants.

TotalEnergies’ vision of gas

TotalEnergies sees gas as a key transition energy. With investments planned to increase the share of gas to 50% of sales by 2030, the company is banking on its ability to support the energy transitions of emerging economies. Gas is seen as a clean alternative to coal, especially in developing regions.

Future commitments to renewable energies

Although the commitment to gas is a priority, TotalEnergies is not neglecting low-carbon energies. One third of future investments will be dedicated to renewable energies, including green electricity and low-carbon molecules. This diversified strategy aims to balance oil and gas activities with environmental initiatives.

Strengthening partnerships with Petronas and consolidating activities in Malaysia are key steps for TotalEnergies. These strategic initiatives not only strengthen their presence in Asia, but also reinforce the company’s position in the regional energy transition.

Register free of charge for uninterrupted access.

Publicite

Latest news

United Kingdom: Cornwall Insight Predicts an Increase in Energy Price Cap for January 2025
Aramco and Sinopec Launch Petrochemical Complex in China
CCE inaugurates its largest solar power plant in Europe: 40 MWp installed capacity in Romania
Neoen wins 164 MWp of solar projects in France, strengthening its energy leadership
Air Liquide accelerates hydrogen mobility with a €50 million investment

Recently published in

US Ethane Recovery Slows Amid Record Storage Before Export Capacity Expansion in 2025

US ethane production is slowing despite record storage levels. New export facilities set for 2025 could reignite momentum and ease pressure on inventories.
Indian Distributors Turn to LNG
Facing reduced domestic gas volumes, Indian gas distribution companies are increasing their purchases of regasified LNG, a move likely to raise costs for consumers.
en_1140486540
Indian Distributors Turn to LNG
Facing reduced domestic gas volumes, Indian gas distribution companies are increasing their purchases of regasified LNG, a move likely to raise costs for consumers.
en_1140486540
Mukran LNG Terminal: An Immediate Response to the Suspension of Russian Deliveries to Austria
Following the suspension of Russian gas deliveries to OMV, the Mukran LNG terminal offers exceptional backup capacity to cover Austria’s annual energy demand.
en_1140479540
Mukran LNG Terminal: An Immediate Response to the Suspension of Russian Deliveries to Austria
Following the suspension of Russian gas deliveries to OMV, the Mukran LNG terminal offers exceptional backup capacity to cover Austria’s annual energy demand.
en_1140479540
Russia Halts Gas Supplies to Austria Following Dispute with OMV
Following a contractual dispute with Gazprom, Austria, which relied on 90% of Russian gas this summer, faces a supply halt. Despite the crisis, the country claims to have secured its energy supply.
en_1140456540
Russia Halts Gas Supplies to Austria Following Dispute with OMV
Following a contractual dispute with Gazprom, Austria, which relied on 90% of Russian gas this summer, faces a supply halt. Despite the crisis, the country claims to have secured its energy supply.
en_1140456540

North Macedonia: A Strategic Partnership with SOCAR for Energy Security

North Macedonia strengthens its energy security with an agreement with SOCAR, aiming at the diversification of natural gas supplies and innovative projects like gas cogeneration.
Increase in Premiums for 2025 LNG Contracts Following Trump’s Victory
Increase in Premiums for 2025 LNG Contracts Following Trump’s Victory
en_1140433540
Increase in Premiums for 2025 LNG Contracts Following Trump’s Victory
Increase in Premiums for 2025 LNG Contracts Following Trump’s Victory
en_1140433540
Towards Methane Regulation Convergence: U.S. and European Union Collaborate
The new European methane regulation is pushing the U.S. to strengthen the compliance of its LNG, paving the way for crucial dialogue between the two major players in the global energy market.
en_1140435540
Towards Methane Regulation Convergence: U.S. and European Union Collaborate
The new European methane regulation is pushing the U.S. to strengthen the compliance of its LNG, paving the way for crucial dialogue between the two major players in the global energy market.
en_1140435540
Sinopec and TotalEnergies: A Preliminary LNG Deal at Record Low Levels
Sinopec and TotalEnergies are negotiating a long-term LNG contract at under 12% of crude oil prices, an unprecedented threshold for Northeast Asia. The agreement includes seller-favorable flexibilities while remaining subject to finalization.
en_1140449540
Sinopec and TotalEnergies: A Preliminary LNG Deal at Record Low Levels
Sinopec and TotalEnergies are negotiating a long-term LNG contract at under 12% of crude oil prices, an unprecedented threshold for Northeast Asia. The agreement includes seller-favorable flexibilities while remaining subject to finalization.
en_1140449540

ADNOC Gas posts increased profits and adopts an ambitious new strategy

With a net profit of $1.24 billion in Q3 2024, ADNOC Gas surpasses expectations and announces a growth strategy targeting a 40% increase in EBITDA by 2029, supported by $15 billion in investments.
Norway Nationalizes its Pipeline Network to Secure Energy Exports
The Norwegian Ministry of Energy has formalized an agreement to nationalize its pipeline network, buying shares from seven private owners and consolidating state control over a crucial strategic infrastructure.
en_1140388540
Norway Nationalizes its Pipeline Network to Secure Energy Exports
The Norwegian Ministry of Energy has formalized an agreement to nationalize its pipeline network, buying shares from seven private owners and consolidating state control over a crucial strategic infrastructure.
en_1140388540
Russian Gas Flows to Europe via Ukraine Maintained Despite Tensions in Kursk Region
Despite escalating tensions and the preparation of a Russian counteroffensive in the Kursk region, Russian gas flows to Europe via Ukraine continue as usual, according to data from GTSOU.
en_1140402540
Russian Gas Flows to Europe via Ukraine Maintained Despite Tensions in Kursk Region
Despite escalating tensions and the preparation of a Russian counteroffensive in the Kursk region, Russian gas flows to Europe via Ukraine continue as usual, according to data from GTSOU.
en_1140402540
Demand Drops for Heavy Fuel Oil in Hong Kong in November, Impact on Ex-Wharf Premiums
Contract premiums for 380 CST fuel oil in Hong Kong fell in November due to weak demand and limited supply, influenced by improved weather conditions in China.
en_1140368540
Demand Drops for Heavy Fuel Oil in Hong Kong in November, Impact on Ex-Wharf Premiums
Contract premiums for 380 CST fuel oil in Hong Kong fell in November due to weak demand and limited supply, influenced by improved weather conditions in China.
en_1140368540

Norwegian Gas Exports to Northwest Europe Rebound in October

After a slowdown in September due to maintenance, Norwegian gas exports to Northwest Europe reached 9.56 billion m³ in October, reflecting a market still vulnerable according to Equinor.
The Uncertain Future of Russian Gas Transit via Ukraine to Europe
The transit of Russian gas through Ukraine may end in late 2024 if no agreement is reached between European buyers and Kyiv. This decision could increase pressure on the European energy market.
en_1140346540
The Uncertain Future of Russian Gas Transit via Ukraine to Europe
The transit of Russian gas through Ukraine may end in late 2024 if no agreement is reached between European buyers and Kyiv. This decision could increase pressure on the European energy market.
en_1140346540
Qatar and Japan: Talks to Strengthen LNG Energy Cooperation
During a visit to Tokyo, Qatar’s Minister of Energy discussed the future of LNG supplies with Japanese companies, as several long-term contracts approach their expiration.
en_1140354540
Qatar and Japan: Talks to Strengthen LNG Energy Cooperation
During a visit to Tokyo, Qatar’s Minister of Energy discussed the future of LNG supplies with Japanese companies, as several long-term contracts approach their expiration.
en_1140354540
Global Liquefaction Capacity Could Reach 700 Million Tons Per Year by 2030, Says Petronet
To meet growing demand, global gas liquefaction capacity could increase by 45% by 2030, supporting decarbonization goals in countries like India, which rely on natural gas for their energy transition.
en_1140353540
Global Liquefaction Capacity Could Reach 700 Million Tons Per Year by 2030, Says Petronet
To meet growing demand, global gas liquefaction capacity could increase by 45% by 2030, supporting decarbonization goals in countries like India, which rely on natural gas for their energy transition.
en_1140353540

Norwegian Gas Exports to Europe Rebound in October, but the Market Remains Vulnerable

After a drop due to maintenance in September, Norwegian gas exports to Northwest Europe increased by 49% in October, a sign of sustained demand despite an uncertain market.
Guyana and Suriname: A New Competitive Source of LNG for the 2030s
Thanks to significant gas projects, Guyana and Suriname could supply up to 12 million tonnes of LNG per year by the next decade, offering a competitive alternative in the global market.
en_1140317540
Guyana and Suriname: A New Competitive Source of LNG for the 2030s
Thanks to significant gas projects, Guyana and Suriname could supply up to 12 million tonnes of LNG per year by the next decade, offering a competitive alternative in the global market.
en_1140317540
Adnoc signs a historic agreement with SEFE to secure Germany’s LNG supply
Adnoc signs a historic agreement with SEFE to secure Germany's LNG supply
en_1140315540
Adnoc signs a historic agreement with SEFE to secure Germany’s LNG supply
Adnoc signs a historic agreement with SEFE to secure Germany's LNG supply
en_1140315540
The Northern Natural Gas Pipeline: A Strategic Lever for Argentina’s Energy Independence
The new Northern Natural Gas Pipeline connects shale gas resources from Neuquén to northern Argentina, aiming to reduce imports and open up export opportunities.
en_1140271540
The Northern Natural Gas Pipeline: A Strategic Lever for Argentina’s Energy Independence
The new Northern Natural Gas Pipeline connects shale gas resources from Neuquén to northern Argentina, aiming to reduce imports and open up export opportunities.
en_1140271540

The Biden Administration Challenges Order to Resume LNG Export Permits

The White House calls on an appeals court to suspend the obligation to lift the moratorium on liquefied natural gas (LNG) export permits imposed by a Louisiana court.
Sonatrach signs a historic agreement to supply natural gas to the Czech Republic
Algeria strengthens its position in the European energy market with a new agreement between Sonatrach and ČEZ Distribuce for the supply of natural gas, meeting the Czech Republic's growing demand for energy diversification.
en_1140238540
Sonatrach signs a historic agreement to supply natural gas to the Czech Republic
Algeria strengthens its position in the European energy market with a new agreement between Sonatrach and ČEZ Distribuce for the supply of natural gas, meeting the Czech Republic's growing demand for energy diversification.
en_1140238540
TotalEnergies signs a deal to supply 2 million tons of LNG to Sinopec over 15 years
TotalEnergies signs a deal to supply 2 million tons of LNG to Sinopec over 15 years
en_1140245540
TotalEnergies signs a deal to supply 2 million tons of LNG to Sinopec over 15 years
TotalEnergies signs a deal to supply 2 million tons of LNG to Sinopec over 15 years
en_1140245540
Record Volumes for LNG Futures in October on ICE
Record Volumes for LNG Futures in October on ICE
en_1140239540
Record Volumes for LNG Futures in October on ICE
Record Volumes for LNG Futures in October on ICE
en_1140239540

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS