Total’s LNG sales drop

French energy giant Total posted a drop of 17 percent in its third-quarter LNG sales to 2.47 million tonnes.

The Paris-based company sold 7.58 million tonnes of LNG in the first nine months of this year, also down 17 percent as compared to the same period in 2014.

“In a context where the oil price has fallen by 50 percent in one year, Total was able to demonstrate its resilience by limiting to 23 percent the decrease in its third-quarter adjusted net income of $2.8 billion,”  Total’s CEO Patrick Pouyanne said on Thursday.

For the first nine months of 2015, Total’s adjusted net income decreased by 16 percent, while the oil price fell by 48 percent, Pouyanne said.

“In the Upstream, the start ups of Surmont 2 in Canada and Gladstone LNG in Australia bring the number of major projects delivered to six so far this year and production growth to more than 10 percent year on year,” the CEO added.

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LNG World News Staff; Image: Total