TotalEnergies Extends LNG Deal With CNOOC
Portfolio Pulse from Lekha Gupta
TotalEnergies has extended its LNG deal with CNOOC by five years, securing long-term sales in Asia and reducing exposure to spot market gas prices. The company also signed a 10-year LNG deal with BOTAŞ and formed a joint venture with Adani Green for a solar project in India.
September 19, 2024 | 10:14 am
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POSITIVE IMPACT
Investors can gain exposure to TotalEnergies through the Advisor Managed Portfolios Miller Value Partners Appreciation ETF.
MVPA holds TotalEnergies, which is making strategic moves in LNG and renewable energy. This could enhance the ETF's performance, making it attractive to investors.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Investors can gain exposure to TotalEnergies through the Octane All-Cap Value Energy ETF.
OCTA includes TotalEnergies, which is expanding its LNG and renewable energy operations. This could positively impact the ETF's value, benefiting investors.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
TotalEnergies extended its LNG deal with CNOOC, securing long-term sales in Asia and reducing exposure to spot market gas prices. The company also signed a 10-year LNG deal with BOTAŞ and invested in a solar project with Adani Green.
The extension of the LNG deal with CNOOC secures long-term sales in a key market, reducing exposure to volatile spot prices. The additional agreements with BOTAŞ and Adani Green further diversify TotalEnergies' portfolio, enhancing its renewable energy strategy. These strategic moves are likely to positively impact TTE's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100