PARIS, Sept 9 - TotalEnergies CEO Patrick
Pouyanne said that U.S. liquefied natural gas developer
NextDecade ( NEXT ), in which Total holds a stake, will announce a final
investment decision on an additional liquefaction unit at its
Rio Grande LNG project later on Tuesday, in an interview with
CNBC.
The comments were made on the sidelines of the GasTech
conference in Milan on Tuesday.
"For a company like TotalEnergies, the U.S. has plenty of
energy - we invest in the Gulf of Mexico with Chevron ( CVX ), we
continue to explore gas and LNG, and we will announce a new
train for Rio Grande LNG; the FID will be announced today,"
Pouyanne said.
Pouyanne added that he would meet with the U.S. energy
and interior secretaries on Tuesday to discuss the French energy
company's investments in the country.
NextDecade ( NEXT ) did not immediately respond to a request for
comment outside of U.S. business hours.
The Texas-based LNG producer has previously said it was
targeting mid-September
for a FID on a fourth and fifth train, or liquefaction
unit, at Rio Grande.
LNG developers typically reach an FID on projects once
they have secured enough supply deals to obtain the necessary
financing for construction.
On Monday, NextDecade ( NEXT ) announced it had fully
commercialized Train 5, with the signing of a 20-year
supply agreement
with ConocoPhillips ( COP ).
TotalEnergies, the largest offtaker of U.S. LNG, has a
17.5% stake in NextDecade ( NEXT ) and a 16.7% interest in Phase 1 of the
Rio Grande project, which includes the first three trains.
In April, it signed a 20-year deal to purchase 1.5
million tons per annum (mtpa) from Train 4, although Reuters
reported last month Total had
declined its option
to invest in Train 5.