TotalEnergies CEO Says Expansion Of Cameron LNG Project Remains Open Possibility

Feb 11 (Reuters) - TotalEnergies TTEF.PA CEO Patrick Pouyanne:

• INDIA IS A POTENTIALLY GOOD LNG MARKET BUT MANY THERE STILL PREFER BURNING FUEL WHEN LNG PRICES ARE HIGH

• BANKERS ARE MORE HESITANT ON FINANCING LNG PROJECTS

• WE DID NOT TAKE 100% OF SHARES OF ZEELAND THIS MEDIA REPORT IS FALSE

• WE HAVE AN AGREEMENT WITH LUKOIL, THEY ARE OUT, IT IS AN OPERATING AGREEMENT

• IT IS A TRANSITORY AGREEMENT, TOTAL BRINGS 100% OF CRUDE OIL TO REFINERY, PAYS FOR OPERATIONS AND TAKES 100% OF PRODUCTS WHILE LUKOIL FINDS A BUYER

• THIS POSSIBILITY WAS EXISTENT ALREADY IN OUR SHAREHOLDING AGREEMENT

• FRANCE'S RENEWABLES PROBLEM IS NOT ABOUT THE DELAYED ENERGY PLANNING LAW , IT'S AN ISSUE OF LAND, COST AND ACCEPTABILITY

• IN THE US WE HAVE THE FUTURE OPTION TO EXPAND CAMERON LNG PROJECT, FOR NOW WE WILL NOT BUT IT REMAINS AN OPEN POSSIBILITY

• TODAY WE MUST LOOK AT WHAT ELECTRICITY WE CAN DEVELOP IN AFRICA

• FOR EXAMPLE IN MOZAMBIQUE WE COULD ENVISION LNG TO POWER, FOR REGIONAL POWER EXPORT

• ON PAPUA LNG PROJECT IF WE DON'T SEE PROGRESS THIS YEAR I DON'T KNOW WHEN WE WILL SEE IT