Total gets to work on downstream market for LNG

Total hopes to increase global LNG demand by looking further downstream, especially in the transport sector
By Silvia Favasuli 14 February 2017
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.

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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