TotalEnergies joins Sarawak gas partners; signs ADNOC LNG supply and China offtake
· Oil & Gas · Malaysia · United Arab Emirates
TotalEnergies has joined a quartet of oil and gas partners to co-develop gas fields off the coast of Sarawak, Malaysia, targeting more than 6.5 trillion cubic feet of Asian gas. The partners are PTTEP, TotalEnergies, KUFPEC and Petronas. Separately, TotalEnergies is deepening its LNG footprint on both sides of its supply chain with new supply from the UAE's ADNOC and a long-term offtake deal with a Chinese firm. The moves expand the French major's exposure to Asian and Middle Eastern gas at a time of heightened global competition for LNG cargoes and gas supply security.
Why it matters：The deals show major equity players locking in Asian upstream resources and LNG supply chains, reflecting intensifying competition for gas as a transition fuel and energy-security asset.
Key points
- Partners are PTTEP, TotalEnergies, KUFPEC and Petronas
- The Sarawak fields hold more than 6.5 trillion cubic feet of gas
- TotalEnergies also secured ADNOC LNG supply and a China offtake deal
Sources (original reporting)
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