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TotalEnergies Mulls $10 Billion Investment in Argentina to Boost Gas Production

MT Newswires·10/01/2026 08:28:02
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08:28 AM EDT, 10/01/2026 (MT Newswires) -- TotalEnergies (TTE.PA, TTE.L) Chief Executive Officer Patrick Pouyanne said the company intends to boost gas production in Argentina by investing $10 billion in its local projects, Reuters reported Thursday. Pouyanne said the investments would include launching a new offshore development in Tierra del Fuego and expanding gas production at the Neuquén facility. The oil major expects to invest between $4 billion and $5 billion in the next 10 years, which would increase its production to 16 million cubic meters per day.