France’s Total is looking to invest in energy projects further downstream than their upstream and LNG production facilities, the company’s President of Gas Laurent Vivier said Tuesday. The strategy is a logical change given the current tough environment for final investment decisions for new greenfield LNG production projects, according to Vivier. What some industry observers are underestimating is the pace that new buyers can enter the market, as Total’s interests in two recently announced LNG import projects in the Ivory Coast and Pakistan would require a combined 9 million mt/year and will start receiving LNG in 2018, Vivier said. Both projects would allow for quick entrance into the market, utilizing FSRUs from Golar LNG and Hoegh LNG respectively, he said. “We are now ready to invest downstream in the value chain,” Vivier added. Last November, a consortium led by Total was awarded the rights to build and operate an […]