July 29 (LNGJ) – Second-quarter LNG sales by TotalEnergies of France were steady at 10.5 million tonnes compared with 10.4MT in the same three months of 2020 and 9.9MT in the first three months of 2021.
“Hydrocarbon production for LNG decreased year-on-year by 3 percent and 5 percent respectively in the second quarter of 2021 and the first half of 2021, notably due to the shutdown of the Snøhvit LNG plant following a fire at the end of September 2020 and the planned maintenance shutdown in the second quarter 2021 on Ichthys LNG's liquefaction Trains in Australia,” explained the company in its earnings report.
“TotalEnergies generated cash flow of $6.8 billion, an increase of more than $1Bln compared to the previous quarter and by maintaining investment discipline, generated net cash flow of $3.2Bln this quarter, which covered the interim dividend of $2.1Bln and allowed continued debt reduction,” said Chief Executive Patrick Pouyanné.
