Key facts: TotalEnergies buys 30% Lang Lebah; expands methane work

TotalEnergies will acquire a 30% stake in Malaysia's Lang Lebah and B14 gas fields, subject to regulatory approval. The deal, with PETRONAS Carigali, PTTEP, and KUFPEC, aims to boost supply to Malaysia LNG. The fields hold over 6.5 trillion cubic feet of gas, equivalent to 1 billion barrels of oil. TotalEnergies plans to develop the fields as a large-scale gas hub, expanding its integrated gas position in Malaysia.

TotalEnergies has agreed to acquire a 30% stake in Malaysia's Lang Lebah and B14 offshore gas fields from Petronas Carigali, PTTEP, and KUFPEC. The deal, pending regulatory approval, will give TotalEnergies operatorship of the fields, which hold over 6.5 trillion cubic feet of gas. The company aims to develop the fields as a single project to supply Malaysia's LNG plant. TotalEnergies reported Q3 2026 net income of $8.3bn, up 124% year-on-year.

TotalEnergies (TTE) will buy a 30% stake in the Lang Lebah and B14 gas fields offshore Malaysia from PETRONAS Carigali, PTTEP, and KUFPEC. The fields will be developed together to boost production. According to TotalEnergies, this acquisition supports its strategy in Asia and its goal to supply the growing LNG market. The transaction is subject to regulatory approvals and is expected to close in 2024. The company did not disclose the financial terms of the deal.

TotalEnergies (TTE) signed agreements to acquire a 30% stake in Malaysia's Lang Lebah and B14 gas fields, with the project expected to unlock 6.5 trillion cubic feet of gas resources. The deal, pending regulatory approval, involves PETRONAS Carigali, PTTEP, and KUFPEC, and aims to supply gas to Malaysia LNG and Asian markets. This follows TotalEnergies' 2024 acquisition of SapuraOMV assets and 2025 partnership expansion with PETRONAS.

TotalEnergies (TTE) agreed to buy a 30% stake in Malaysian gas fields from PETRONAS Carigali, PTTEP, and KUFPEC. The deal, pending approval, will give TotalEnergies operational control of Lang Lebah and B14 fields, with 6.5 trillion cubic feet of gas resources. The project aims to supply Malaysia's LNG plant and meet Asian demand. This follows TotalEnergies' 2024 acquisition of SapuraOMV and 2025 partnership expansion with PETRONAS.

TotalEnergies (TTE) has signed agreements to acquire a 30% operated interest in the Lang Lebah and B14 gas fields off Malaysia's coast, subject to regulatory approval. The fields hold over 6.5 trillion cubic feet of gas resources, expected to supply Malaysia's LNG plant with 10 billion cubic meters per annum. This deal aligns with TotalEnergies' strategy to strengthen its gas position in Malaysia, following previous acquisitions and partnerships.