TotalEnergies has the option to increase its 5% stake in Canada’s Ksi Lisims liquefied natural gas (LNG) project, chairman and CEO Patrick Pouyanne told the company’s annual shareholder meeting.
Pouyanne declined to specify by how much Total could increase its stake in Ksi Lisims LNG, although he noted at the AGM that TotalEnergies had increased its stake in the Rio Grande LNG project to 15%.
Ksi Lisims LNG is due to be one of the lowest CO2-emitting LNG projects in the world. TotalEnergies said earlier this month that it was buying a 5% stake in Western LNG, which is the developer of the Ksi Lisims LNG project.
(Reporting by America Hernandez; Editing by Sudip Kar-Gupta)