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TotalEnergies signs agreement to acquire 30% operating interest in two Malaysian offshore gas fields

Oilprice.com +1 · ·by G4L

TTE TotalEnergies SE
$87.88 -0.14%
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  1. 1TotalEnergies has signed an agreement to purchase a 30% operating interest in two offshore gas fields in Malaysia.
  2. 2The development of the Lang Lebah and B14 gas fields is expected to secure more than 6.5 trillion cubic feet of gas resources.
  3. 3Chairman and CEO Patrick Puyane said this development will establish a large-scale gas hub in Malaysia.

So what's the key point?

TotalEnergies has agreed to buy part of the operating rights for two gas fields in the Malaysian sea. This deal will provide more than 6.5 trillion cubic feet of gas resources to help create a major gas hub in Malaysia.

Source Oilprice.com +1 · View original ↗

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