While a scientific consensus calls for a shift away from fossil fuels, TotalEnergies, like other players in this industry, is further expanding its forecasts for increased production. The multinational from La Défense (Hauts-de-Seine) plans to market 3% more hydrocarbons (oil and gas) each year until 2030. This was announced on Wednesday, October 2 in New York, within the framework of the annual presentation of your strategy. And this is, therefore, more than the projections made a year ago, where there was talk of a target of between 2 and 3% more annually until 2028.
This upward revision reflects ” mostly “ to liquefied natural gas (LNG), the firm explains in a press release. She mentions the release of “six great projects” in this area, in 2024: two in Brazil, the others in Suriname, Angola, Oman and Nigeria.
The LNG, first cooled to a temperature of around -162°C, is transported by ship before being regasified. It allows energy to be sold to the highest bidder. “New oil projects are necessary to meet demand and keep prices at an acceptable level, in order to create the conditions for a just transition that gives populations time to adapt their use of energy”the group also responds.
“A two-point climate destruction plan”
For the moment, at TotalEnergies oil continues to occupy first place. Or 52% of the group’s final energy production in 2023, according to data transmitted to the Worldcompared to 44% of fossil gas, liquefied or not, which includes a small share of electricity from this same gas. All of this represents a total of approximately 2.5 million barrels of oil equivalent per day. Enough to place the French multinational in fourteenth place among hydrocarbon producers that year, according to the Norwegian consulting firm Rystad Energy.
By 2030, according to internal forecasts, the trend could reverse between “black gold” and methane. The relative share of fossil gas, which is assumed to emit fewer greenhouse gases, would increase to 45% (including 5% for electricity). That of oil would fall to 40%.
As for electricity from renewable energies, such as solar and wind, its production would increase fivefold by the end of this decade. But this share would still be minimal, since it could go from almost 3% in 2023 to almost 13%, seven years later, of the group’s production.
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