BAKU, Azerbaijan, Oct.1
By Leman Zeynalova – Trend:
French company Total’s liquified natural gas (LNG) sales will reach 50 Mt/y by 2025 and will double over 2020-30, creating value from scale, arbitrage and integration along the value chain, Trend reports with reference to the company’s strategy.
“Cash-flow from integrated LNG business shall grow by 40 percent to more than 4 B$ in 2025 at 50$/b. Decarbonizing natural gas with biogas and hydrogen as well as continuing to reduce methane emissions will contribute to Total’s climate ambition,” said the company.
“Developing an integrated business model from production to sales through storage and trading, Total is targeting 50 TWh of net production and 80 TWh of sales to 9 million customers by 2025. Building on the strong dynamic in 2020, Total will grow as a world leader in renewables, raising its objective to 35 GW gross capacity in 2025 (70 percent already in portfolio), and has the ambition to add around 10 GW per year beyond, as it managed to do in 2020.
Renewables and electricity are expected to deliver a predictable cash flow of more than 1.5 B$ per year by 2025.
“As recently demonstrated with the Lindsey refinery divestment and the transformation of Grandpuits refinery into a zero oil platform, Total will adapt refining capacity and sales to demand, particularly in Europe. In the same time, it will further increase its biofuels productions and sales as demand for such renewable products is supported by policies aiming to get to Net Zero. Renewable diesel production is expected to reach more than 2 Mt/y by 2025.
“The Group is also committing more than 1 B$ over the next ten years to the e-mobility revolution by investing in battery manufacturing and EV charging with a target of 150,000 charge points by 2025,” said Total.
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