By Maryana Ahmadova

Copyright trend

BAKU, Azerbaijan, September 29. TotalEnergies
Chairman and CEO Patrick Pouyanné, together with the Executive
Committee, presented the company’s strategy and outlook today in
New York, Trend

The energy major reaffirmed its balanced transition strategy
built on two pillars: oil & gas, primarily LNG, and integrated

As such, TotalEnergies plans to grow overall energy production
by around 4% annually through 2030 while cutting emissions from its
operations by 50% compared to 2015 levels. Methane emissions are
also targeted to fall 80% by 2030 versus 2020.

The company said its integrated LNG business will see cash flow
grow more than 70% by 2030, with major projects in Qatar and the
United States driving expansion. Electricity production is expected
to rise by about 20% per year through 2030, with renewables making
up 70% of output.