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TotalEnergies and OQEP Launch Low-Carbon Marsa LNG Plant in Oman

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The latest announcement is out from TotalEnergies SE ( (FR:TTE) ).

TotalEnergies and OQEP have commenced construction of the Marsa LNG plant in Oman, which is set to become one of the world’s lowest carbon intensity LNG facilities. The plant, expected to begin operations in 2028, will serve as the first marine LNG bunkering hub in the Middle East, supporting the shipping industry’s transition to cleaner energy. This project aligns with Oman’s Vision 2040 by advancing low-emission energy solutions and reinforcing the country’s position as a reliable hub for clean maritime fuel. The Marsa LNG plant will significantly reduce greenhouse gas emissions from ships, contributing to the global shipping sector’s energy transition.

More about TotalEnergies SE

TotalEnergies is a global integrated energy company that produces and markets a range of energies including oil, biofuels, natural gas, biogas, low-carbon hydrogen, renewables, and electricity. With operations in about 120 countries, the company is committed to providing reliable, affordable, and sustainable energy solutions. OQ Exploration & Production (OQEP) is Oman’s largest pure-play oil and gas exploration and production company, focusing on the extraction of crude petroleum and natural gas, and is a significant player in the country’s energy sector.

YTD Price Performance: -1.37%

Average Trading Volume: 2,403,864

Technical Sentiment Signal: Hold

Current Market Cap: €107.3B

Find detailed analytics on TTE stock on TipRanks’ Stock Analysis page.

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