TotalEnergies, Tikehau Launch Platform to Add 27,500 EV Chargers and Ink Kuwait MoU
TotalEnergies and Tikehau Capital launched a platform to expand urban EV charging, adding 9,500 Belgian and 18,000 Dutch charge points powered by certified renewables. The company also signed an MoU with Kuwait Oil Company for exploration studies and resumed Mozambique LNG project, 40% complete with first LNG expected in 2029.
1. TotalEnergies and Tikehau Capital Launch EV Charging Platform in Benelux
TotalEnergies has formed a 50/50 joint investment platform with Tikehau Capital to expand urban public charging infrastructure across Belgium and the Netherlands. The platform will target projects already under construction or operation in major cities, and will bid for new municipal tenders through 2028. TotalEnergies will be responsible for the development, operation and maintenance of charging stations powered exclusively by certified renewable energy, while Tikehau Capital will provide growth capital and share project risk. As of early 2026, TotalEnergies already operates over 9,500 public charge points in Belgium and 18,000 in the Netherlands, giving it market-leading positions in both countries. The partnership is expected to add at least 5,000 new charge points by 2029 and to support local governments’ targets of reducing urban transport emissions by up to 25% over the next decade.
2. MoU with Kuwait Oil Company and Strategic Project Updates
TotalEnergies has signed a Memorandum of Understanding with Kuwait Oil Company to conduct joint technical studies on new exploration opportunities in Kuwait, strengthening a relationship that spans several decades. Under the agreement, TotalEnergies will deploy advanced seismic interpretation and reservoir modeling tools to evaluate untapped prospects in the Burgan and Raudhatain formations. Meanwhile, TotalEnergies took over operatorship of Petroleum Exploration License 83 in Namibia’s Orange Basin alongside Galp, and has fully restarted activities at the Mozambique LNG project, which is 40% complete. Engineering, procurement of main equipment and site preparations resumed in late 2025, with first liquefied natural gas expected in 2029. These moves reinforce TotalEnergies’ upstream portfolio, targeting an increase of 500,000 barrels of oil-equivalent per day of production capacity by 2030.