Totalenergies Boosts US Gas Output With Dorado Field Stake Acquisition

(MENAFN- Trend News Agency) BAKU, Azerbaijan, April 8. TotalEnergies hasagreed to purchase Lewis Energy Group's 20 percent stake in theDorado leases, which are operated by EOG Resources (80 percent) inthe Eagle Ford shale gas play, Trend reports.

According to the company, situated in Texas, the Dorado fieldwill enable TotalEnergies to increase its net natural gasproduction in the US by 50 million cubic feet a day (Mcf/d) in2024, with the potential for an additional 50 Mcf/d by 2028.

Meanwhile, the field's emission intensity is approximately 10 kgCO2e/boe. In 2023, TotalEnergies' net US natural gas output reachedaround 340 Mcf/d (450 Mcf/d technical production).

TotalEnergies emerged as the top exporter of US LNG in 2023,shipping over 10 million tons, thanks to its 16.6-percent ownershipin the Cameron LNG plant in Louisiana and various long-termpurchasing agreements. With the first phase of the Rio Grande LNGproject in Texas underway, the company's LNG export capacity willrise to 15 million tons per year by 2030.

The US stands as a pivotal territory for TotalEnergies'Integrated Power strategy. Within its portfolio lie 25 GW ofrenewable energy projects, along with flexible generation assetsincluding 1.5 GW of gas-fired power plants situated in Texas, and atrading center based in Houston.

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