TotalEnergies Signs Preliminary LNG Purchase Agreement with Glenfarne
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy TTE?
Source: seekingalpha
- Long-Term Purchase Agreement: TotalEnergies has signed a preliminary agreement to purchase 2 million metric tons of liquefied natural gas annually from Glenfarne's Alaska LNG project for 20 years, marking a significant step toward commercializing the proposed 20 million tons/year export facility.
- Geographical Advantage: CEO Patrick Pouyanne highlighted that the Alaska LNG project is well-positioned geographically to better serve Asian customers, illustrating TotalEnergies' strategic ambitions in the global LNG market.
- Investment Decision Dependency: The deal is contingent upon the project's final investment decision, with Glenfarne stating that this will occur once contracts for 16 million tons/year are secured; currently, 13 million tons/year are covered under preliminary long-term agreements with various partners.
- Supply Diversification Strategy: This agreement aims to solidify TotalEnergies' position as a leading buyer of U.S. LNG while diversifying its supply sources, thereby enhancing its resilience against fluctuations in the global energy market.
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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: 79.490
Low
60.04
Averages
71.67
High
90.93
Current: 79.490
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.
TotalEnergies Signs Preliminary LNG Purchase Agreement with Glenfarne
- Long-Term Purchase Agreement: TotalEnergies has signed a preliminary agreement to purchase 2 million metric tons of liquefied natural gas annually from Glenfarne's Alaska LNG project for 20 years, marking a significant step toward commercializing the proposed 20 million tons/year export facility.
- Geographical Advantage: CEO Patrick Pouyanne highlighted that the Alaska LNG project is well-positioned geographically to better serve Asian customers, illustrating TotalEnergies' strategic ambitions in the global LNG market.
- Investment Decision Dependency: The deal is contingent upon the project's final investment decision, with Glenfarne stating that this will occur once contracts for 16 million tons/year are secured; currently, 13 million tons/year are covered under preliminary long-term agreements with various partners.
- Supply Diversification Strategy: This agreement aims to solidify TotalEnergies' position as a leading buyer of U.S. LNG while diversifying its supply sources, thereby enhancing its resilience against fluctuations in the global energy market.
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TotalEnergies Faces Lawsuit in Paris to Block New Fossil Fuel Projects
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- Indirect Emission Accountability: The lawsuit demands that TotalEnergies be held accountable for indirect emissions, particularly Scope 3 emissions, underscoring the legal and reputational risks the company faces in the context of climate change.
- Defense Strategy: TotalEnergies' legal team argues that the lawsuit's demands exceed the court's authority, claiming it effectively seeks to prohibit the company from fulfilling its corporate purpose, indicating strong opposition to the legal challenge.
- Environmental Risk Management: France's duty of vigilance law requires large firms to develop plans to identify and mitigate environmental risks, and TotalEnergies' response strategy will directly impact its future operational model and sustainability initiatives.
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- Daily Transaction Details: On February 12, the company bought back 294,446 shares at an average price of €64.53 per share, while on February 13, it repurchased 296,150 shares at an average price of €64.15 per share, demonstrating a consistent buyback strategy amid market fluctuations.
- Shareholder Authorization Context: This buyback is authorized by the shareholders' general meeting on May 23, 2025, complying with applicable laws, reflecting the company's transparency and compliance in capital management.
- Strategic Implications: By executing this share buyback, TotalEnergies not only enhances shareholder value but may also boost market confidence in its future growth potential, further solidifying its position in the global energy market.
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Impact on Operations: The maintenance is expected to result in increased activity and flaring, which may not be typical of normal operations.
Community Alert: A community alert has been issued to inform residents about the upcoming maintenance and its potential effects.
Safety Measures: The company is likely implementing safety measures to manage the maintenance process and minimize disruptions.
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TotalEnergies Signs Preliminary LNG Purchase Agreement with Glenfarne
- Long-Term Purchase Agreement: TotalEnergies has signed a preliminary agreement to purchase 2 million metric tons of liquefied natural gas annually from Glenfarne's Alaska LNG project for 20 years, marking a significant step toward commercializing the proposed 20 million tons/year export facility.
- Geographical Advantage: CEO Patrick Pouyanne highlighted that the Alaska LNG project is well-positioned geographically to better serve Asian customers, illustrating TotalEnergies' strategic ambitions in the global LNG market.
- Investment Decision Dependency: The deal is contingent upon the project's final investment decision, with Glenfarne stating that this will occur once contracts for 16 million tons/year are secured; currently, 13 million tons/year are covered under preliminary long-term agreements with various partners.
- Supply Diversification Strategy: This agreement aims to solidify TotalEnergies' position as a leading buyer of U.S. LNG while diversifying its supply sources, thereby enhancing its resilience against fluctuations in the global energy market.
See More
TotalEnergies Faces Lawsuit in Paris to Block New Fossil Fuel Projects
- Legal Pressure: TotalEnergies is facing a lawsuit in Paris from a coalition of NGOs and the city hall aimed at blocking new fossil fuel exploration and extraction projects, highlighting significant scrutiny over the company's environmental responsibilities.
- Indirect Emission Accountability: The lawsuit demands that TotalEnergies be held accountable for indirect emissions, particularly Scope 3 emissions, underscoring the legal and reputational risks the company faces in the context of climate change.
- Defense Strategy: TotalEnergies' legal team argues that the lawsuit's demands exceed the court's authority, claiming it effectively seeks to prohibit the company from fulfilling its corporate purpose, indicating strong opposition to the legal challenge.
- Environmental Risk Management: France's duty of vigilance law requires large firms to develop plans to identify and mitigate environmental risks, and TotalEnergies' response strategy will directly impact its future operational model and sustainability initiatives.
See More
TotalEnergies Announces Share Buyback Transactions
- Buyback Overview: TotalEnergies repurchased a total of 590,596 shares from February 12 to 13, 2026, with a total transaction amount of €37,999,901.50, indicating the company's confidence in its stock value.
- Daily Transaction Details: On February 12, the company bought back 294,446 shares at an average price of €64.53 per share, while on February 13, it repurchased 296,150 shares at an average price of €64.15 per share, demonstrating a consistent buyback strategy amid market fluctuations.
- Shareholder Authorization Context: This buyback is authorized by the shareholders' general meeting on May 23, 2025, complying with applicable laws, reflecting the company's transparency and compliance in capital management.
- Strategic Implications: By executing this share buyback, TotalEnergies not only enhances shareholder value but may also boost market confidence in its future growth potential, further solidifying its position in the global energy market.
See More
Universities Experience Financial Pressure Despite Strong Results
- Financial Strain on Universities: Universities are facing increased financial pressure due to rising costs.
- Impact of Federal Funding Cuts: President Donald Trump's initiatives to reduce federal funding are affecting many educational institutions.
See More
BASF TotalEnergies Petrochemicals in Port Arthur to Start Maintenance on February 13 at 12 PM, Leading to Increased Activity and Unusual Flaring - Community Notification
Maintenance Activity Announcement: BASF will begin maintenance activities at its petrochemicals facility in Port Arthur on February 13 at 12 PM.
Impact on Operations: The maintenance is expected to result in increased activity and flaring, which may not be typical of normal operations.
Community Alert: A community alert has been issued to inform residents about the upcoming maintenance and its potential effects.
Safety Measures: The company is likely implementing safety measures to manage the maintenance process and minimize disruptions.
See More
EU Deepens Cooperation with Turkey to Counter Russian Threats
- Security Cooperation Priority: The EU has opted to prioritize security cooperation over democratic concerns in light of Russian aggression and energy insecurity, despite criticism regarding Turkey's democratic backsliding, aiming to strengthen security partnerships to address regional threats.
- Reduced Energy Dependence: Turkey's role as a key transit route for Caspian gas and oil can help the EU decrease its reliance on Russian energy, particularly following heightened vigilance against Russia after the Ukraine war.
- Drone Market Collaboration: The EU has proposed the creation of a 'drone wall' that would heavily rely on Turkey's rapidly expanding drone industry, with Baykar Technology exporting $1.8 billion worth of drones in 2024, 90% of which came from foreign sales, enhancing Europe's defense capabilities.
- Trade Expansion Initiative: The EU has announced a new investment study aimed at expanding trade with Turkey and surrounding regions, and although Turkey's EU membership negotiations remain stalled, both sides are committed to improving the functioning of the Customs Union to foster closer economic ties.
See More
