Total Plans to Raise Gas Shipments, Exit Coal Mining
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Total SA plans to raise production and trading of liquified natural gas by 2020 and pull out of coal mining as part of a new policy on fossil fuels and climate change.
“Total is gas and gas is good,” Chief Executive Officer Patrick Pouyanne said Monday in Paris. The company plans to produce and trade about 32.5 million metric tons of LNG at the turn of the decade compared with about 18.5 million tons currently. Total also intends to charter a dozen LNG tankers for future trading, two of them currently under construction.