Accessible, plentiful and a good partner for renewables, natural gas has many attractive qualities. To make the most of its strengths, we are pursuing a proactive gas strategy with the aim of increasing the share of natural gas in our oil and gas production to 60% by 2035.
As the second largest liquefied natural gas (LNG) supplier in the world, Total operates across the LNG value chain, from gas production and liquefaction — including projects such as Yamal LNG and Arctic LNG 2 in Russia and Ichthys in Australia — to transportation, regasification and the supply of natural gas to homes and businesses in Europe. We’re also contributing to several FSRU (Floating Storage and Regasification Unit) projects to provide natural gas to our clients worldwide more quickly and flexibly and at lower cost.
Because gas emits only half as much carbon as coal in power generation, another piece of our strategy is to promote gas for power generation. Replacing coal with natural gas in power plants would cut global carbon emissions by 10%. At Total, we permanently halted all coal production in August 2015, and recently acquired several combined-cycle gas turbine (CCGT) power plants in France.
Last of all, we continue to work on and invest in developing new uses for gas, whether in road transportation with natural gas vehicle (NGV) fuel distributed by Total Gas Mobility in Europe and Clean Energy in the United States, or shipping with LNG bunker fuel under our agreements with CMA CGM Group.