TotalEnergies, Sempra expand energy collaboration to meet rising demand
March 31 (Reuters) - French oil major TotalEnergies S.E. (TTEF.PA) and a unit of U.S.-based Sempra Energy (SRE.N) agreed to expand their collaborations on LNG and wind projects to improve energy supply and help cut Europe's reliance on Russian oil and gas imports.
U.S. exporters are stepping up as Europe looks for alternative energy sources following sanctions on Moscow after Russia invaded Ukraine in February.
Meanwhile, the Biden administration on Friday said it will supply 15 billion cubic metres of liquefied natural gas (LNG) to the European Union this year.
"With last week's energy accord between the U.S. and European Commission, alliances between some of the leading energy companies like TotalEnergies and Sempra are increasingly important to transatlantic trade and energy security," Sempra Chief Executive Officer Jeffrey Martin said on Thursday.
The companies said they had signed an agreement on Sempra's proposed Vista Pacífico LNG project in Mexico as well as a deal to develop North American renewable energy projects.
TotalEnergies and Sempra's unit have existing agreements on two LNG export joint ventures.
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