TotalEnergies to sell more LNG from US to India
TotalEnergies aims to increase LNG exports to India, particularly from the US, and plans to resume its Mozambique venture to supply energy. Despite past investment suspensions, the company continues to support Adani Green's renewable energy expansion. With significant investments in India's gas and renewable sectors, TotalEnergies sees India as a crucial LNG market.
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Paris: French energy major TotalEnergies plans to sell more LNG to India, in particular, from the US and continues to support the expansion of Adani Green , its CEO Patrick Pouyanné said.'We are the largest US LNG energy exporter total energy, so we can bring more. We have also have a big venture in Mozambique with Indian companies. We will intend to restart very soon to provide energy to India. So that's also a plan,' Pouyanné said after meeting commerce and industry minister Piyush Goyal in Paris.Last year, the company announced suspension of additional investments in Adani Group companies amid the US' bribery allegations against the Indian conglomerate.'And then on the renewable side, we continue to support the expansion of Adani Green, which has already a 14 gigawatt of capacity. So we will continue to support this growth,' he said, adding that future plans of the company are to continue to develop energy business.TotalEnergies has invested almost $5 billion in India in the last five years especially in natural gas, importing energy, city gas, development of gas infrastructure in India, and renewables.'We invest a lot in solar and wind in India, with Adani in particular,' he said.Last year, the company inked long term contracts with GSPC and IOCL to provide LNG to India.'In fact, India is becoming an important market for LNG, number four in the world in 2024 so developing this gas. So for us, finding customers, long term customers in India is good,' he said.
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