PARIS, Nov 4 (Reuters) - French oil major TotalEnergies

does not anticipate that Donald Trump would pull the U.S. out of

the Paris Agreement on climate change or undo Inflation

Reduction Act (IRA) legislation if he became U.S. president

again, the company's strategy director said on Monday.

Aurelien Hamelle made the comments while presenting Total's

energy outlook forecasting global demand scenarios to 2050.

The company's current trends scenario also does not project

a lifting of the current U.S. ban on new liquefied natural gas

(LNG) export facilities.

WHY IT'S IMPORTANT

Ahead of Tuesday's election, former president Trump has

campaigned on a platform involving a rollback of climate

regulations passed under President Joe Biden designed to curb

the release of greenhouse gases from the oil and gas industry.

That includes leaving the Paris Agreement, under which

countries pledge to limit global warming to 2 degrees Celsius by

2050, and potentially undoing Biden's flagship IRA, which

provides massive subsidies and incentives to clean energy

technologies.

CONTEXT

TotalEnergies is a major buyer of U.S. natural gas for

export, with 10 million metric tons a year under contract,

several upstream U.S. shale field holdings, and a pipeline of

future projects.

The company also has a 25 gigawatt portfolio of solar, wind

and battery projects in the U.S., and is considering several

production sites for renewable fuels.

KEY QUOTES

"We take into account existing legislation in our current

trends scenario, and for the IRA to be called into question you

would need a Republican-controlled Congress, which the polls say

is unlikely," Hamelle said.

"What we also see with the IRA, which has offered a

framework of support for private finance in all low-carbon

technologies, is that Republican states and districts have also

benefited from the job creation ...

"What is clear is that the United States will set the pace

of the global energy transition ... We have not forecast a

'worse than current trends' scenario."