The French energy company TotalEnergies SE held a presentation of the company's strategy and development prospects for the period up to 2025. This is reported in the TotalEnergies press release.
TotalEnergies consistently implements a balanced and profitable transition strategy based on oil and gas (LNG) production and integrated energy. The company plans to increase energy production (oil, gas and electricity) by 4% per year until 2030, while reducing emissions (-50% in terms of oil and gas production and -80% in terms of methane emissions in 2030).
TotalEnergies plans cost savings of $7.5 billion (capital investments + operating expenses) for 2026-2030 and reduces the forecast for net capital investments to $16 billion in 2026 and $15-17 billion per year during 2027-2030. The company will continue to focus on high-yield mining projects and will choose low-carbon capital investments that will amount to about $4 billion per year, including between $3 billion and $4 billion per year for the integrated energy business.
TotalEnergies plans annual oil and gas production growth of 3% between 2024 and 2030 due to the launch of new projects, with 95% of production by 2030 either already launched or under development. In 2025 and 2026, growth will exceed 3% per year due to the launch of several highly profitable oil projects (offshore the USA, Brazil, Iraq, Uganda) and large LNG and gas production projects (NFE in Qatar, Jeroon in Malaysia).
Integrated LNG will provide cash flow growth of more than 70% to $70 per barrel by 2030 due to 50% sales growth, which is mainly driven by natural gas liquefaction projects in the United States and Qatar (Rio Grande LNG Train 1-4 in the United States and NFE and NFS in Qatar), which are among the one of the most competitive in the world. In addition, the company will develop the integration of gas into electricity in the United States and Europe to complete an integrated business model in the field of energy.
TotalEnergies plans to increase electricity production by about 20% per year until 2030 and focus investments on the main unregulated markets (USA, Europe, Brazil), where the company is implementing an integrated model.
TotalEnergies SE is a French multinational oil and gas company and one of the world's largest energy companies after Royal Dutch Shell, BritishPetroleum and ExxonMobil. TotalEnergie operates 3,000 service stations that serve 1 million customers and 6 million consumers of electricity and gas every day. The headquarters is located in Paris (France) with offices in 120 countries.
