LNG

European major Total said its LNG sales increased by 22 percent in the second quarter compared with last year, notably due to an increase in trading activities, while the group posted an overall net loss of more than $8 billion because of assets impairments caused by the oil slump and Covid-19.

French energy major Total will make a final investment decision on the Nigeria liquefied natural gas expansion project to build a seventh Train by the end of the year and said that its acquisition of Mozambique LNG assets fits well into its growth strategy.