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2019-06-03 12:20:00

TOTAL BUYS U.S. LNG

TOTAL BUYS U.S. LNG

PLATTS - France's Total is making a play for Royal Dutch Shell's dominance in access to North American liquefaction supplies with an agreement disclosed Friday to take over Toshiba's LNG business in the US, after an earlier deal with China's ENN to acquire the assets fell apart.

The transaction, among other things, will give Total control over 2.2 million mt/year of LNG to be produced by the third train at the Freeport LNG export terminal in Texas. The facility is currently preparing to begin production from its first train, after several…

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