TotalEnergies wants to focus on ‘core producing assets’ instead
TotalEnergies sells Gladstone LNG facilities
The French major continues to trim its portfolio
TotalEnergies subsidiary Total GLNG Australia (TGA) has sold the downstream facilities of the Gladstone LNG (GLNG) project to equity fund Global Infrastructure Partners (GIP) for more than $750mn, effective 1 January this year. Under the deal, GIP will receive a toll based on TGA’s share of the gas processed by Gladstone for 15 years. The transferred facilities comprise the project’s two-train liquefaction plant and a 400km pipeline network connecting Gladstone to the Fairview, Arcadia, Roma and Scotia gas fields. TGA retains its 27.5pc stake in the GLNG joint venture itself, alongside ASX-listed Santos (30pc), Malaysia’s state-owned Petronas (27.5pc) and South Korean utility Kogas (15pc).
Also in this section
24 December 2025
As activity in the US Gulf has stagnated at a lower level, the government is taking steps to encourage fresh exploration and bolster field development work
23 December 2025
The new government has brought stability and security to the country, with the door now open to international investment
23 December 2025
A third wave of LNG supply is coming, and with it a likely oversupply of the fuel by 2028
22 December 2025
Weakening climate resolve in the developed world and rapidly growing demand in developing countries means peak oil is still a long way away
