The Shareholders’ Newsletter #61 - Fall 2019

Latest News : The latest highlights

LATEST NEWS


Japan

Solar power

© Sunpower Japan

Total started up commercial operation of a second solar power plant in Miyako in June, and it began construction of a third solar power plant in Miyagi in October. These projects are fully in line with Total’s ambition to develop low-carbon electricity worldwide.


Russia

Liquefied Natural Gas

© Sovcomflot - Total

Launch in September of the giant Arctic LNG 2 development project with a production capacity of 19.8 million tons per year. This project will leverage the success of the Yamal LNG project and add to our growing portfolio of competitive LNG projects based on giant low cost resources primarily intended for fast growing Asian markets. First LNG cargo due for export in 2023.


India

Liquefied Natural Gas

As part of its strategy to develop new gas markets, Total, the world’s second largest LNG player, expands its partnership with the Adani Group, the largest private energy and infrastructure conglomerate in India, to contribute to the development of the Indian natural gas market. The partnership between Adani (50%) and Total (50%) includes two LNG import and regasification terminals, as well as Adani Gas Limited, one of the four main distributors of city gas in India, of which Adani holds 74.8% and of which Total will acquire 37.4%.


Norway

Oil

© Johan Sverdrup

Giant Johan Sverdrup field started up in October in the North Sea. The total recoverable reserves on Johan Sverdrup amount to 2.7 billion barrels of oil equivalent. It’s one of the major developments added to Total’s portfolio through the value-adding acquisition of Maersk Oil in 2018. Norway represents about 8% of the Group’s annual production.


World

Research & Development

Signature in July with IFP Energies Nouvelles (IFPEN) of a strategic research & development partnership, that includes an agreement to endow a Chair at IFP School, on carbon capture, utilization and storage (CCUS) and technologies to curb CO2 emissions. The roughly €40 million partnership covers a period of five years.