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 March 2026
It is an unusual story of out with the new and in with the old, as America First Refining shows the US going back to trusted energy security developments
23 March 2026
A complex and sometimes contradictory web of factors that include unpredictable oil prices, the globalisation of LNG markets, the expansion of Middle Eastern sovereign capital and the growth of datacentre demand will shape the energy landscape beyond 2026
23 March 2026
The Strait of Hormuz crisis highlights how key waterways can become global chokepoints
20 March 2026
Attacks on key oil and LNG assets across the Gulf mean a prolonged supply disruption, with damage to Qatar’s export capacity undermining confidence in the global gas system
