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TotalEnergies Announces Commissioning of Cape Ann Floating Storage and Regasification Unit

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Charles M. Hall

• October 26, 2023

TotalEnergies, a prominent player in the liquefied natural gas (LNG) industry, has officially commissioned the Cape Ann, a state-of-the-art floating storage and regasification unit (FSRU) located in the port of Le Havre. This cutting-edge terminal recently injected its first megawatt-hours (MWh) of gas into the grid operated by GRTgaz, utilizing LNG sourced from Norway.

Key Details of Cape Ann

• Maximum Regasification Capacity: The terminal boasts an impressive annual capacity of approximately 5 billion cubic meters, equivalent to around 10% of France's consumption.
• Storage Capacity: With a capacity of 142,500 cubic meters, Cape Ann offers ample storage for LNG.
• Vessel Dimensions: The FSRU spans 283 meters x 43.40 meters, making it one of the largest units in its class.
• Draught: Cape Ann has a draught of 12.50 meters.
• Deadweight: Weighing in at 112,457 tons, the unit is designed for optimal efficiency.
• Lightship: The lightship weight of Cape Ann is 31,676 tons.
• Date of First Launch: Cape Ann made its maiden voyage in June 2010.
• Owner: The FSRU is owned by Höegh LNG, a well-established industry player.
• Flag: Cape Ann proudly flies the French flag.

TotalEnergies: A Global Force in LNG Market

As the world's third largest LNG player, TotalEnergies holds an impressive market share of approximately 12%. Thanks to its investments in liquefaction plants across various geographies, the company boasts a robust global portfolio of about 50 Mt/y. TotalEnergies' comprehensive approach to the LNG value chain sets it apart from its competitors.

With involvement in production, transportation, access to over 20 Mt/y of regasification capacity in Europe, trading, and LNG bunkering, TotalEnergies enjoys a well-rounded and integrated position. The company's ambitious goal is to increase the share of natural gas in its sales mix to nearly 50% by 2030. This strategic move aims to not only reduce carbon emissions but also eliminate methane emissions associated with the gas value chain. TotalEnergies is also committed to partnering with local organizations to facilitate the transition from coal to natural gas.

About TotalEnergies

TotalEnergies is a leading energy company dedicated to providing innovative solutions to meet the world's growing energy needs. With a strong focus on sustainability and environmental responsibility, TotalEnergies is at the forefront of the transition towards cleaner and more efficient energy sources.

TotalEnergies: A Global Multi-Energy Company

TotalEnergies is a leading global multi-energy company that specializes in the production and marketing of various energy sources. Our diverse portfolio includes oil and biofuels, natural gas and green gases, renewables, and electricity. With over 100,000 dedicated employees, we are committed to delivering energy solutions that are affordable, clean, reliable, and accessible to as many people as possible. Operating in close to 130 countries worldwide, TotalEnergies places sustainable development at the core of our projects and operations as we strive to contribute to the well-being of people.

Cautionary Note

In this document, the terms "TotalEnergies," "TotalEnergies company," or "Company" refer to TotalEnergies SE and its consolidated entities that are either directly or indirectly controlled by TotalEnergies SE. Additionally, the pronouns "we," "us," and "our" may also pertain to these entities or their employees. It should be noted that the entities in which TotalEnergies SE holds a shareholding are separate legal entities. This document may contain forward-looking information and statements based on economic data and assumptions within a specific economic, competitive, and regulatory environment. However, these statements may prove to be inaccurate in the future and are subject to various risk factors. Neither TotalEnergies SE nor any of its subsidiaries assume any obligation to publicly update any forward-looking information, statements, objectives, or trends included in this document, whether due to new information, future events, or otherwise. For information regarding risk factors that may impact TotalEnergies' financial results or activities, please refer to the most recent Registration Document filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF) and the Form 20-F filed with the United States Securities and Exchange Commission (SEC).

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About TotalEnergies SE

TotalEnergies SE is a leading global energy company that strives to deliver sustainable and efficient solutions to meet the world's growing energy needs. With an unwavering commitment to innovation and excellence, we aim to create value for our shareholders while promoting environmental responsibility.