TotalEnergies Expands In Turkey With Long-Term LNG Agreement
Portfolio Pulse from Lekha Gupta
TotalEnergies SE has signed a long-term LNG agreement with BOTAŞ to deliver 1.1 million tons of LNG annually over ten years, starting in 2027. This move aligns with TotalEnergies' strategy to expand its LNG sales and reduce exposure to spot market fluctuations. The company is also investing in renewable energy projects and has joined the Japan Hydrogen Fund.
September 18, 2024 | 1:38 pm
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POSITIVE IMPACT
Advisor Managed Portfolios Miller Value Partners Appreciation ETF provides exposure to TotalEnergies, which has secured a long-term LNG deal with BOTAŞ, potentially benefiting from TotalEnergies' strategic growth in LNG and renewable energy.
MVPA ETF includes TotalEnergies, which has secured a long-term LNG deal, potentially enhancing the ETF's value through TotalEnergies' strategic growth in LNG and renewable energy.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Octane All-Cap Value Energy ETF includes TotalEnergies, which has signed a long-term LNG agreement with BOTAŞ, aligning with its growth strategy in LNG and renewable energy, potentially benefiting the ETF.
OCTA ETF holds TotalEnergies, which has secured a long-term LNG deal, potentially enhancing the ETF's value through TotalEnergies' strategic growth in LNG and renewable energy.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
TotalEnergies SE has signed a significant LNG agreement with BOTAŞ, enhancing its long-term sales strategy and reducing exposure to spot market fluctuations. This aligns with its broader strategy of expanding in the Turkish market and investing in renewable energy.
The long-term LNG agreement with BOTAŞ is a strategic move for TotalEnergies, securing stable revenue and reducing market volatility exposure. This aligns with their growth strategy in the Turkish market and supports their renewable energy investments.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100