Total: France seeks to expand in Australia to sell electricity

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MELBOURNE (Reuters) – Total SA (France)TOTF.PA) is looking to expand its retail electricity business in Australia from the middle of this year as part of a global plan to sell electricity to 9 million sites by 2023.

Total is already selling electricity to the Gladstone Liquefied Natural Gas (LNG) project, in which it is a stakeholder, and wishes to supply electricity to other large customers in the eastern states of Australia, he said in a request to the Australian Energy Regulator.

“The target market proposed by TGPAU is the very largest customer in the market (for example, industrial and government customers),” said Total Gas & Power Australia (TGPAU) in its application.

The request was filed in March and released Monday by the regulator for public comment.

The oil and gas supermajor is targeting a market similar to that of its rival Royal Dutch Shell (RDSa.L), which entered the Australian energy sector last year by acquiring ERM Power, the country’s second largest energy retailer for business and industry.

In 2018, Total said it sold 37 terrawatt hours of electricity to more than 5 million customers and traded 250 TWh of electricity in 11 countries.

Total’s footprint in Australia includes interests in the Ichthys LNG project in northern Australia, solar parks in Victoria and New South Wales and a battery project in Western Australia.

Sonali Paul’s report; Editing by Anil D’Silva

Our standards:Principles of the Thomson Reuters Trust.

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