While the presentation was hijacked by the war in Ukraine, there were still some interesting details on TotalEnergies’s long-term transition plans. The company now intends to produce 200-300kbpd of oil by 2050, an 80% decline versus 2021. LNG sales will decline by 30% to 25-30mtpa. Meanwhile, new fuels (hydrogen, biofuels, etc.) will reach 50mtpa and electricity generation will reach 500TWh, which is slightly above current consumption in France.
24 Mar 2022
CMD: seeing oil demand decline after 2030
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CMD: seeing oil demand decline after 2030
While the presentation was hijacked by the war in Ukraine, there were still some interesting details on TotalEnergies’s long-term transition plans. The company now intends to produce 200-300kbpd of oil by 2050, an 80% decline versus 2021. LNG sales will decline by 30% to 25-30mtpa. Meanwhile, new fuels (hydrogen, biofuels, etc.) will reach 50mtpa and electricity generation will reach 500TWh, which is slightly above current consumption in France.