TotalEnergies boosts natural gas stake with $6.7B Texas LNG project, aiming for 50% gas sales mix by 2030.

TotalEnergies has secured a 10% stake in the Train 4 project of Rio Grande LNG in South Texas, adding to its existing 7% indirect stake. The $6.7 billion project, which will produce 6 million tons of liquefied natural gas (LNG) annually, is set to start operations in 2030. This expansion aligns with TotalEnergies' strategy to increase its natural gas sales mix to nearly half by 2030. The project is expected to contribute to rising global natural gas demand, particularly in Asia, supported by growth in North America.