TOTALENERGIES SE: Australia: TotalEnergies Enters Into an Infrastructure Agreement With GIP on Gladstone LNG - Replacement
13 Juillet 2021 - 7:15PM
UK Regulatory
TIDMTTE
The issuer advises that the following replaces the TotalEnergies
SE, Australia: TotalEnergies Enters Into an Infrastructure
Agreement With GIP on Gladstone LNG announcement released at 11:32
AM BST today.
Paragraph 10 now reads: "Total Eren (TotalEnergies 30%)
commissioned the Kiamal 250 MW solar PV power plant, largest in the
state of Victoria. Maxeon (TotalEnergies 27%) is focusing on
distributed generation in residential segment and commercial
segment. Total Gas & Power Australia has an electricity retail
license and is also developing 100MW / 100 MWh Energy Storage
Scheme (ESS) projects in Victoria. Saft, a wholly owned subsidiary
of TotalEnergies, is managing sales of advanced technology
batteries for telecommunications, transport and grid, industry
standby, civil electronics and defense divisions. TotalEnergies
Marketing and Services branch is active in the lubricant market in
Australia."
All other details remain unchanged.
The full corrected version is shown below.
Australia: TotalEnergies Enters Into an Infrastructure Agreement
With GIP on Gladstone LNG
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has completed a
transaction with GIP Australia (GIP) in relation to the downstream
facilities of the Gladstone LNG Project owned by its subsidiary
Total GLNG Australia (TGA), for a consideration of more than US$
750 million, with effective date January 1, 2021.
As part of this transaction, GIP will receive a throughput-based
tolling fee calculated on TGA's share of gas processed through the
downstream facilities over a period of 15 years.
TGA retains full control and ownership of its 27.5% interest in
the Gladstone LNG Downstream Joint Venture.
"We have worked closely with GIP to achieve this infrastructure
transaction and are happy of this first collaboration with such an
experienced infrastructure partner. This monetization of
infrastructure assets contributes to focusing further
TotalEnergies' capital on core producing assets and fully reflects
TotalEnergies' active portfolio management", declared Jean-Pierre
Sbraire, Chief Financial Officer at TotalEnergies.
The Gladstone LNG Project
The integrated LNG project consists of producing natural gas
from the Fairview, Arcadia, Roma and Scotia fields, located in the
Bowen-Surat Basin in Queensland, Australia.
The project also includes transporting the gas over
approximately 400 kilometers to a gas liquefaction plant in the
industrial port of Gladstone, northeast of Brisbane, on the eastern
coast of Australia. The Gladstone LNG liquefaction plant consists
of two trains with a total nameplate capacity in excess of 7.8
million tons per year.
The downstream facilities mainly comprise the gas transportation
system and the two-train gas liquefaction plant. The Gladstone LNG
Project has been exporting LNG since 2015.
TotalEnergies' activities in Australia
For over 60 years, TotalEnergies has developed in Australia a
range of activities spanning the spectrum of the energy
industry.
TotalEnergies is involved in 2 major Australian LNG projects:
Gladstone LNG on Curtis Island on stream since 2015 and Ichthys LNG
in Darwin, operational since 2018.
Total Eren (TotalEnergies 30%) commissioned the Kiamal 250 MW
solar PV power plant, largest in the state of Victoria. Maxeon
(TotalEnergies 27%) is focusing on distributed generation in
residential segment and commercial segment. Total Gas & Power
Australia has an electricity retail license and is also developing
100MW / 100 MWh Energy Storage Scheme (ESS) projects in Victoria.
Saft, a wholly owned subsidiary of TotalEnergies, is managing sales
of advanced technology batteries for telecommunications, transport
and grid, industry standby, civil electronics and defense
divisions. TotalEnergies Marketing and Services branch is active in
the lubricant market in Australia.
____
About TotalEnergies
TotalEnergies is a broad energy company that produces and
markets energies on a global scale: oil and biofuels, natural gas
and green gases, renewables and electricity. Our 105,000 employees
are committed to energy that is ever more affordable, clean,
reliable and accessible to as many people as possible. Active in
more than 130 countries, TotalEnergies puts sustainable development
in all its dimensions at the heart of its projects and operations
to contribute to the well-being of people.
Cautionary Note
This press release, from which no legal consequences may be
drawn, is for information purposes only. The entities in which
TotalEnergies SE directly or indirectly owns investments are
separate legal entities. TotalEnergies SE has no liability for
their acts or omissions. The terms "Company" or "TotalEnergies
company" refer collectively to the company TotalEnergies SE and the
companies it controls directly or indirectly. Such terms are used
solely for the sake of convenience for purposes of the present
communication. Likewise, the words "we", "us" and "our" may also be
used to refer to subsidiaries in general or to those who work for
them. This document may contain forward-looking information and
statements that are based on a number of economic data and
assumptions made in a given economic, competitive and regulatory
environment. They may prove to be inaccurate in the future and are
subject to a number of risk factors. Neither TotalEnergies SE nor
any of its subsidiaries assumes any obligation to update publicly
any forward-looking information or statement, objectives or trends
contained in this document whether as a result of new information,
future events or otherwise.
TotalEnergies
Media Relations: +33 1 47 44 46 99 l presse@totalenergies.com l
@TotalEnergiesPR
Investor Relations: +44 (0)207 719 7962 l
ir@totalenergies.com
View source version on businesswire.com:
https://www.businesswire.com/news/home/20210713006002/en/
CONTACT:
TotalEnergies SE
SOURCE: TotalEnergies SE
Copyright Business Wire 2021
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