TotalEnergies Says It Can Replace Russian Gas With Growing LNG Supply

Watch TotalEnergies Says It Can Replace Russian Gas With Growing LNG Supply - Bloomberg on Dailymotion

Transcript

00:00But are the choices also sort of narrowing at this point because Europe is considering perhaps even banning imports from Russian gas from 2027?

00:09You have assets there. Will that have an impact? And are you thinking of exit strategies at this point?

00:15You know, again, the good news is that the LNG market will be well supplied from 27, 28, 29.

00:23We are building many capacities because of the crisis in 22 in the U.S., in Qatar.

00:28So we'll add almost 30 percent of new capacities.

00:31So I'm not afraid that we'll be able to find alternatives from this period of time.

00:36Europe, for obvious reasons, there are two reasons, not only politics.

00:40It's also somewhere because we have lost trust in the Russian and Russia as a supplier.

00:46You know, in the energy field, what is fundamental when you speak about energy security is a trust between the supplier and the customer.

00:54And what happened with the Russian war is that energy has been used as a weapon.

00:59And of course, for Europe, finding alternatives is just fundamental.

01:04In the meantime, our allies in the U.S. are providing, are supplying more energy.

01:08So it's an obvious choice.

01:09But again, Europe should not go from another alliance to Russia to another alliance to the U.S.

01:15That's why, again, we develop other positions.