{"id":16396,"date":"2025-12-17T05:52:28","date_gmt":"2025-12-17T05:52:28","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=16396"},"modified":"2025-12-17T05:52:28","modified_gmt":"2025-12-17T05:52:28","slug":"totalenergies-sells-nearly-10-stake-in-malaysian-offshore-gas-block-to-thailands-pttep","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/16396\/","title":{"rendered":"TotalEnergies Sells Nearly 10% Stake in Malaysian Offshore Gas Block to Thailand\u2019s PTTEP"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0TotalEnergies has agreed to sell an indirect interest of approximately 10% in Malaysia\u2019s offshore Block SK408 to Thailand\u2019s state-backed PTTEP for an undisclosed sum, the French energy major announced on Tuesday.<\/p>\n

Following the transaction, TotalEnergies will retain a 30.002% operating interest in the block, which includes the Jerun gas field that supplies natural gas to Malaysia\u2019s Bintulu LNG complex. The complex, operated by state-owned Petronas, has an annual capacity of 29.3 million metric tons.<\/p>\n

The deal marks another step in TotalEnergies\u2019 portfolio optimization in Malaysia, following its acquisition of SapuraOMV Upstream last year in transactions totaling $1.6 billion to expand its natural gas presence. Amid pressure from investors to reduce debt, the company has been divesting mature assets and minority stakes.<\/p>\n

\u201cThis transaction allows TotalEnergies to efficiently manage its portfolio in Malaysia while strengthening ties with PTTEP, a longstanding partner,\u201d said Nicolas Terraz, President of Exploration & Production at TotalEnergies.<\/p>\n

The two companies have a history of collaboration: In 2023, TotalEnergies sold PTTEP a 25% stake in the Seagreen offshore wind farm in Scotland for $661 million and entered a partnership to pursue joint upstream opportunities.<\/p>\n

Block SK408 is jointly held by Petronas subsidiaries (30%) and Shell (30%), with TotalEnergies as operator.<\/p>\n

Malaysia was the world\u2019s fifth-largest LNG exporter in 2023, exporting nearly 28 million tons mainly to Japan, China, and South Korea, according to Kpler data. Thailand is Southeast Asia\u2019s largest LNG importer.<\/p>\n

In a separate development, TotalEnergies recently signed a 21-year agreement to supply solar power to Google-operated data centers in Malaysia.<\/p>\n

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