Still in the mood of its centenary celebrations, TotalEnergies says it is poised to supply the world with the affordable energy needed for its development.
The International Oil Company (IOC) said it has been in the business of driving the energy transition and is thus challenged to do so while also reducing emissions.
In a press release signed by its management, TotalEnergies said it has since 2020 been resolute in implementing a transition strategy anchored around the two pillars of hydrocarbons (including Liquefied Natural Gas, LNG,) and electricity, insisting that it has the ambition to successfully achieve the transition and support its customers.
According to the statement, the move was the “just, orderly and equitable” transition called for by the COP28.
As a multi-energy company, TotalEnergies emphasised its target on an improved natural gas for the future’s energy system.
The statement further said “while oil was the energy of the 20th century, natural gas and decarbonised power are central to the energy system of tomorrow.
“Natural gas is necessary to the energy transition, as a support for the rise of intermittent renewables, and as a substitute for coal, which emits twice as much Carbon dioxide (CO2) in power generation”.
It noted that TotalEnergies is currently the world’s third-largest player in Liquefied Natural Gas (LNG), saying “and in electricity, we are one of the most dynamic solar and wind power developers in the world. Electricity is the energy at the heart of decarbonization and the 21st century will clearly be electric”.
On the journey so far, the multinational company said “unlike our rivals of the day, we did not have access to local resources. That is why we built our competitive advantage on international expansion and technical prowess.
“These two factors have shaped our pioneer spirit and our journey to this day. Over the years, we have continuously pushed back the boundaries, both technical and geographical, while also adapting to changing needs and customer expectations.
“This is how we accompanied the remarkable progress and development that took place in modern society during the 20th century. We also acquired additional expertise and experience by teaming up with Petrofina and Elf-Aquitaine, and more recently with Maersk Oil, Saft or Direct Energie.
“Drawing on the pioneer spirit that guides us, we will continue to adjust and adapt as needed to be part of the story of energy for another 100 years”.
Recall that Total Energies marked its lO0 years of creation on March 28, 2024. (The Tide News)