Russia

TotalEnergies boosts 1H 2026 LNG sales by 9%

TASS English · 2026-07-23

AI SUMMARY

• What happened: TotalEnergies reported a 9% increase in liquefied natural gas (LNG) sales for the first half of 2026, totaling 23.1 million metric tons, compared to 21.2 million metric tons in the same period last year. However, Q2 sales dropped 13% from Q1, amounting to 10.7 million metric tons. • Why it matters: The increase in LNG sales reflects TotalEnergies' growing market presence, but the decline in revenue by 9% to $2.125 billion indicates challenges in pricing and market conditions, potentially impacting future investments and operations. • What to watch next: Analysts will be monitoring TotalEnergies' strategies to address the revenue decline and any potential shifts in LNG market dynamics, as well as the company's performance in the upcoming quarters.

TotalEnergies boosts 1H 2026 LNG sales by 9% LNG sales totaled 23.1 mln metric tons, up from 21.2 mln metric tons a year earlierMOSCOW, July 23. /TASS/. French energy company TotalEnergies increased its liquefied natural gas (LNG) sales in January-June by 9% year-on-year, according to the company's report. LNG sales totaled 23.1 mln metric tons, up from 21.2 mln metric tons a year earlier. At the same time, Q2 sales were 13% lower than in the Q1, amounting to 10.7 mln metric tons. TotalEnergies' LNG sales revenue fell 9% in the first half of the year to $2.125 bln. In the Q2, the figure declined 22% year-on-year to $807 mln and was 39% lower than in the previous quarter. 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Source: TASS English
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