Total’s recent agreements in LNG bunkering reflect a concerted effort by the French major to develop a downstream business to match its upstream position.
"We have strong positions upstream but we also need to develop [LNG] demand in the market, [expanding] along the gas value chain," Total Chief Executive Patrick Pouyanné said following the company’s Q4 2016 results presentation last week.
Having signed up to marine LNG initiative SEA/LNG in December, Total signed a memorandum of understanding with French shipowner CMA CGM to become the...
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