Total gets to work on downstream market for LNG

By Silvia Favasuli 14 February 2017
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The ships Laggan and Tormore. Total is looking to develop its downstream business. (Total) The ships Laggan and Tormore. Total is looking to develop its downstream business. (Total)

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.

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