French supermajor TotalEnergies and compatriot Technip Energies have signed an agreement to jointly develop low-carbon solutions for liquefied natural gas production and offshore facilities to accelerate the energy transition.
The technical cooperation accord will see the two parties explore new concepts and technologies in order to reduce carbon footprint of existing facilities and greenfield projects in key areas.
These key areas include LNG production, cryogenic processes, the production and use of hydrogen for power generation, and processes for carbon capture, utilisation and storage.
The qualification of new architectures and equipment that will be developed in these areas is also part of the agreement, the two players said today.
The companies stated that: "This partnership is based on a common belief that cooperation across the industry is needed to achieve energy transition goals. By partnering, Technip Energies and TotalEnergies rely on complementary expertise to decarbonise LNG plants and offshore facilities, supported by their leadership positions in these areas."
Commenting on the arrangement, Arnaud Breuillac, president of TotalEnergies' E&P business, said: “This collaboration brings opportunities to further innovate and strengthen our expertise in reducing greenhouse gas emissions, improving energy efficiency for our LNG and offshore assets and developing innovative technologies such as hydrogen."
He added that "it is in line with our company’s ambition to be carbon neutral by 2050. We are looking forward to cooperating with Technip Energies to find solutions helping to advance towards a low carbon future".
Technip Energies chief executive Arnaud Pieton said: “This agreement reflects our commitment to provide tangible and decarbonised solutions from the earliest concept to delivery and beyond.
"We are very proud to partner with TotalEnergies, a long-standing client and partner, to bring together our expertise and know-how in LNG and offshore projects to accelerate the transition towards a low-carbon society."
The LNG sector will be a key revenue, backlog and profit driver for Technip Energies in the years to come, with gas set to play a key role in the energy transition business.
The contractor is also heavily involved in the engineering of all types of offshore facilities, from fixed platforms to floating facilities.
TotalEnergies is a major player in the LNG business, with either operating or partner stakes in assets in Russia, Mozambique, the US and Nigeria, among others.
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