TotalEnergies Launches 27,500-Point Benelux EV Network, Secures Kuwait Exploration MoU

TTETTE

TotalEnergies and Tikehau Capital created a joint platform to expand public EV charging in Belgium (9,500 points) and the Netherlands (18,000 points). It also signed a technical MoU with Kuwait Oil Company for new exploration studies, took over Namibia’s Orange Basin operatorship and restarted its 40%-complete Mozambique LNG project.

1. TotalEnergies and Tikehau Launch EV Charging Platform in Benelux

TotalEnergies and Tikehau Capital have created a joint investment platform to accelerate the deployment of electric vehicle charging infrastructure in Belgium and the Netherlands. The platform will target public urban areas, building on TotalEnergies’ existing network of over 9,500 charge points in Belgium and 18,000 in the Netherlands. TotalEnergies will lead on site development, installation, operation and maintenance, ensuring all stations run on certified renewable energy, while Tikehau takes responsibility for capital investment and risk sharing. The partners aim to participate in new municipal tenders and to expand projects already under construction or in operation, strengthening TotalEnergies’ position as a leading public charging provider in the Benelux region.

2. Strategic Projects and Pipeline Reinforce Energy Transition Ambitions

Beyond the Benelux charging initiative, TotalEnergies has advanced several key projects that underpin its low-carbon growth strategy. In February, the company signed a Memorandum of Understanding with Kuwait Oil Company to conduct technical studies on new hydrocarbon exploration opportunities. Last week, TotalEnergies assumed operatorship of Exploration License 83 in Namibia’s Orange Basin, in partnership with Galp. Meanwhile, activities have fully resumed at the Mozambique LNG project, which is now 40% complete; engineering and main equipment procurement were finalized during the force majeure period, and first LNG is scheduled for 2029. TotalEnergies will report fourth-quarter results on February 11, offering investors insight into progress across its conventional and renewable energy businesses.

Sources

BBB