TotalEnergies has signed agreements with Petronas Carigali Sdn. Bhd. (PCSB), PTTEP, and KUFPEC to acquire a 30% operating stake in the Lang Lebah and B14 gas fields located off the coast of Sarawak, Malaysia, as part of its strategy to develop its gas activities.
Details of the Gas Fields
The Lang Lebah field is recognized as one of the largest offshore gas discoveries in Malaysia, and the B14 field is located nearby. These two fields will be developed as an integrated project, and TotalEnergies expects that the combined development of these fields will unlock over 6.5 trillion cubic feet (equivalent to over 1 billion barrels of oil) of gas resources.
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Meeting Malaysia's LNG Needs
This project will help meet the needs of Malaysia's LNG liquefaction plant and is expected to operate at a production level of about 10 billion cubic meters per year (approximately 970 million cubic feet per day). Patrick Pouyanné, Chairman and CEO of TotalEnergies, stated that the development of the Lang Lebah and B14 resources will enable the establishment of another major gas hub in Malaysia, leveraging shared infrastructure and contributing to the supply of gas for Malaysia's LNG and the growing LNG needs in Asia.
Pouyanné also described this agreement as "another important step in our strategy to strengthen our integrated gas position in Malaysia." This agreement follows TotalEnergies' acquisition of SapuraOMV in 2024 and the expansion of cooperation with Petronas in 2025.
Upon closing these transactions, which require regulatory approval, TotalEnergies will acquire a 30% operating stake in both the Lang Lebah and B14 fields. Other partners in this project include PTTEP with 25%, KUFPEC with 25%, and PCSB with 20%.
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