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TotalEnergies commits to Gulf oil export pipelines bypassing Strait of Hormuz

TotalEnergies is investing in infrastructure to bypass the Strait of Hormuz, specifically supporting Abu Dhabi's Fujairah export expansion and a proposed Iraq-to-Mediterranean pipeline. This move reflects a strategic shift to mitigate geopolitical risk following recent disruptions in the Persian Gulf, though specific financial terms and timelines remain undisclosed.

AI disclosure: Model-written summary of the source, not a verified fact. Check the sources. How Mosaic works

OilPrice.comabout 2 months agoAE, IQ, SY, NO, IRscoCredibility 68%View source

Score Breakdown

Mosaic Score8.4

Model confidence0.9

Significance0.8

Source credibility0.7

Intelligence Tags

#energy security #oil infrastructure #geopolitics #totalenergies #supply chain

Locations

Strait of HormuzFujairahMediterraneanAbu Dhabi

Entities

IrancountryIraqcountrySyriacountryUAEcountryStrait of HormuzregionSupply Chainconcept

Source

Part of a situation

developingEnergy57d ago

TotalEnergies Reports $20M Hormuz Transit Cost, Pursues Bypass Options

TotalEnergies CEO Patrick Pouyanné confirmed that VLCC transit through the Strait of Hormuz now costs $20 million due to heightened risk premiums. Despite these costs, TotalEnergies continues to utilize the Strait for Iraqi and Qatari oil flows while simultaneously investing in bypass infrastructure, indicating a dual strategy of maintaining current operations and mitigating future risk. The specific financial terms and timelines for bypass projects remain undisclosed.

↑ escalating·3 signals·IR, IQ, NO +5Score 7.7