TotalEnergies: strengthens its position in US natural gas

(CercleFinance.com) - TotalEnergies announces that it has signed an agreement to acquire Lewis Energy Group's 20% interest in the Dorado licenses operated by EOG Resources (80%) in the Eagle Ford Basin, Texas.


This field will enable the French company to increase its net gas production in the USA by 50 million cubic feet per day (Mcf/d) in 2024, with potential growth of a further 50 Mcf/d in 2028.

The transaction will also strengthen its position as the leading U.S. LNG exporter, with capacity expected to reach 15 million tonnes (Mt) per year by 2030 following the start-up of the first phase of the Rio Grande LNG project (Texas), currently under construction.


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