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TotalEnergies to buy 30% stake in two Malaysian offshore gas fields - Finance news and analysis from Global Banking & Finance Review
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TotalEnergies to buy 30% stake in two Malaysian offshore gas fields

Published by Global Banking & Finance Review

Posted on November 2, 2026

1 min read

· Last updated: November 2, 2026

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TotalEnergies to Acquire 30% Stake in Two Malaysian Offshore Gas Fields

Acquisition Details and Project Impact

Agreement Overview

Nov 2 (Reuters) - French oil major TotalEnergies said on Monday it had signed agreements to buy a 30% operated interest in the Lang Lebah and B14 offshore gas fields in Malaysia.

Project Expectations

Gas Resource Unlocking

The combined project is expected to unlock over 6.5 trillion cubic feet of gas resources to supply the Malaysia LNG liquefaction plant, the company added.

Supply to Malaysia LNG Plant

Reporting Credits

(Reporting by Dimitri Rhodes in Gdansk, editing by Milla Nissi-Prussak)

Key Takeaways

  • The deal expands TotalEnergies’ footprint in Malaysia’s upstream gas sector and aligns with its strategy to secure low-cost gas supply.
  • The Lang Lebah field contains an estimated 6‑7 Tcf of gas and will channel supply to the Bintulu LNG complex, reinforcing Malaysia’s position among global LNG exporters.
  • The acquisition complements TotalEnergies’ earlier moves—including SapuraOMV purchase and stakes in SK301b/SK313—to bolster its role in Asia’s LNG market.

Frequently Asked Questions

What stake is TotalEnergies acquiring in the Malaysian offshore gas fields?
TotalEnergies is acquiring a 30% operated interest in the Lang Lebah and B14 offshore gas fields.
Which gas fields are involved in the TotalEnergies Malaysia deal?
The deal involves the Lang Lebah and B14 offshore gas fields in Malaysia.
How much gas resource is expected to be unlocked from this project?
The project is expected to unlock over 6.5 trillion cubic feet of gas resources.
What is the intended use of the unlocked gas resources?
The gas will supply the Malaysia LNG liquefaction plant.

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