The agreement allows TotalEnergies to unlock the capital value tied up in its existing African oil and gas infrastructure. By transitioning to a throughput-based tariff model, the company shifts its financial exposure while maintaining access to critical energy networks across the region.

Jean-Pierre Sbraire, Chief Financial Officer of TotalEnergies, stated that the move serves to crystallize the value of midstream assets that were previously held entirely on the company’s books. This transaction aligns with the broader strategy of the energy firm to optimize its portfolio as it balances traditional hydrocarbon production with investments in renewables and low-carbon energy sources across its global operations in 120 countries.