TotalEnergies (TTE): Among the Best LNG Stocks to Buy Now

TotalEnergies SE (NYSE:TTE) is included among the 12 Best LNG Stocks to Buy According to Hedge Funds.

TotalEnergies SE (NYSE:TTE) is currently the third-largest LNG operator in the world, with sales of 40 metric tons in 2024. The company is aiming to consolidate its integrated position across the entire LNG value chain, with its LNG volumes (excluding Russian volumes and spot volumes) expected to grow by 50% between 2023 and 2030.

TotalEnergies SE (NYSE:TTE) made headlines this month when the company announced that it had signed agreements with NextDecade to take a 10% stake in the JV developing Train 4 of Rio Grande LNG facility in Texas. In addition to the 10% held directly, TTE will also hold another 7% stake in the project indirectly as it is a shareholder of NextDecade.

Stéphane Michel, President of Gas, Renewables, and Power at TotalEnergies SE (NYSE:TTE), stated:

“We are very pleased with the FID of RGLNG Train 4. This project from which we will offtake 1.5 Mtpa strengthens our LNG export capacity from the United States. It gives TotalEnergies access to competitive LNG thanks to its low production costs. The LNG from this fourth train will increase TotalEnergies’ U.S. LNG export capacity to over 16 Mtpa by 2030, further enhancing our ability to contribute to gas supply and building on our 10% market share worldwide.”

TotalEnergies SE (NYSE:TTE) is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity.

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Disclosure: None.