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Stock impact report

Oman: TotalEnergies and OQEP break ground at Marsa LNG [Yahoo! Finance]

TotalEnergies SE Ordinary Shares (TTE) 
Company Research Source: Yahoo! Finance
PARIS, May 01, 2025 BUSINESS WIRE )--Under the patronage of His Excellency Eng. Salim bin Nasser Al Aufi, Minister of Energy & Minerals of the Sultanate of Oman, Patrick Pouyanné, Chairman and CEO of TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE), and Ahmed Al Azkawi, OQ Exploration and Production CEO, celebrated the ground-breaking of the Marsa LNG plant, in the port of Sohar, northern Oman, one year after the Final Investment Decision The 1 million ton per year (Mt/y) liquefaction plant is being built by Marsa LNG LLC, a joint company between TotalEnergies (80%) and OQEP (20%). The LNG production, which is expected to start in the first quarter of 2028, is primarily intended to serve the marine fuel market (LNG bunkering) in the Gulf. One of the lowest carbon intensity LNG plants in the world The Marsa LNG plant is fully electrified and combined with a 300 megawatt-peak (MWp) photovoltaic solar farm that will supply the equivalent of the plant's annual energy needs. Marsa LNG Show less Read more
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