TotalEnergies plans to grow oil and gas production until 2030 [Video]

French energy giant TotalEnergies has announced plans to increase its oil and gas production until 2030, as it seeks to reassure investors about its fundamentals.

CEO Patrick Pouyanne has a raft of ambitious projects aimed at propelling growth through the decade, not least a $10 billion offshore investment in Suriname that received a green light Tuesday.

The company on Wednesday attempted to buoy investors at its annual strategy and outlook meeting in New York, as energy prices have fallen since Russia’s invasion of Ukraine in 2022.

TotalEnergies raised its growth forecast in oil and gas production to around three percent a year until 2030, led by liquefied natural gas (LNG), and after the launch of six major projects this year in Brazil, Suriname, Angola, Oman and Nigeria, according to a company statement.

LNG is highly coveted in Asia and by Europeans, who have sought to compensate for the drastic drop …