HOUSTON - TotalEnergies (EPA:TTEF) (Paris:TTE) (LSE:TTE) (NYSE:TTE) has announced the formation of an international coalition with seven other companies to support the production and utilization of e-natural gas (e-NG), a synthetic fuel derived from renewable hydrogen and CO2.
The coalition, which includes Engie, Mitsubishi Corporation, Osaka Gas, Sempra Infrastructure, TES, Tokyo Gas, and Toho Gas, aims to promote e-NG as a sustainable alternative to traditional natural gas.
The e-NG Coalition's objectives are to foster a global market for e-NG, advocate for supportive policies and regulatory harmonization, and enhance collaboration among stakeholders across the value chain and geographies. The coalition will leverage the participants' collective expertise in areas such as renewable power generation, project management, gas liquefaction, and green hydrogen development.
TotalEnergies is actively involved in the e-NG sector through its Live Oak project in partnership with Tree Energy Solutions (TES), aiming to produce 100,000 to 200,000 tons of e-NG annually in the United States by 2030.
The company's participation in the coalition is seen as a strategic move to utilize its experience in liquefied natural gas (LNG) and renewable electricity and contribute to decarbonization efforts, particularly in industries that are challenging to electrify.
Stéphane Michel, President of Gas, Renewables & Power at TotalEnergies, emphasized the importance of e-NG in the energy transition and the company's role in the coalition to advance the development of this synthetic fuel. The e-NG Coalition seeks to establish a net-zero carbon future by promoting e-NG and supporting cooperation along its value chain.
TotalEnergies, a diversified energy company with a presence in nearly 130 countries, is committed to providing affordable, clean, reliable, and accessible energy. The company's activities span oil and biofuels, natural gas and green gases, renewables, and electricity.
This news is based on a press release statement and reflects the company's efforts to contribute to sustainable development and the well-being of people through its operations and projects.
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