TotalEnergies has signed agreements to acquire a 30% operated interest in the Lang Lebah and B14 gas fields offshore Sarawak, Malaysia, expanding its upstream position supplying the country’s LNG industry.
The agreements with PETRONAS Carigali Sdn Bhd, PTTEP and KUFPEC remain subject to regulatory approvals. On completion, TotalEnergies would operate both fields alongside PTTEP and KUFPEC, each holding 25%, and PETRONAS Carigali with 20%.
Lang Lebah and the nearby B14 field are planned as an integrated development supplying the existing Malaysia LNG liquefaction plant. TotalEnergies expects the combined project to unlock more than 6.5 trillion cubic feet of gas resources, equivalent to more than 1 billion barrels of oil equivalent.
Integrated development targets 10bcm annual plateau
The planned development would reach a production plateau of around 10 billion cubic metres of gas a year. That figure describes the combined project’s expected production rate, rather than TotalEnergies’ individual entitlement or the volume of LNG produced after processing.
TotalEnergies described Lang Lebah as one of Malaysia’s largest offshore gas discoveries. Developing it alongside B14 would allow the fields to use shared infrastructure and supply an established liquefaction facility.
The announcement did not disclose the acquisition price, development expenditure or expected date of first production. It also did not state when a final investment decision would be taken.
The resource estimate and production plateau therefore describe the scale of the planned development, rather than output from fields already in operation.
Acquisition extends Malaysian gas strategy
The proposed transaction follows TotalEnergies’ acquisition of SapuraOMV in 2024 and an expansion of its partnership with PETRONAS in 2025.
Those earlier transactions form part of the company’s strategy to increase its integrated gas presence in Malaysia, linking upstream resources with the LNG supply chain.
Patrick Pouyanné, Chairman and CEO of TotalEnergies, said:
“The development of Lang Lebah and B14 resources will allow the creation of another large-scale gas hub in Malaysia, leveraging shared infrastructure, to supply gas to Malaysia LNG and meet the growing LNG demand in Asia,”
“These agreements mark another important step in our strategy to strengthen our integrated gas position in Malaysia, following the acquisition of SapuraOMV in 2024 and the expansion of our long-standing partnership with PETRONAS in 2025.”
The company’s earlier announcements cover the SapuraOMV acquisition and its expanded PETRONAS partnership.
Existing LNG plant provides route to market
The project’s proposed destination is an existing liquefaction plant, rather than a newly announced LNG terminal. The agreements concern interests in the gas fields and do not announce an expansion of Malaysia LNG’s processing capacity.
Supplying that facility would connect the development to the LNG export market. TotalEnergies presented growing Asian LNG demand as the commercial rationale, although the announcement did not identify buyers, sales agreements or pricing terms for the fields’ future production.
The integrated approach also brings development of the two resources under the same proposed ownership structure. TotalEnergies’ operated interest would give it responsibility for leading the project alongside its partners, subject to completion and the relevant agreements.
Regulatory approvals are the next stated condition for the acquisitions. The announcement provides no timetable for obtaining them.
For now, the agreements establish TotalEnergies’ intended ownership and operating role. Delivery of the forecast production will depend on the subsequent development programme, investment decisions and construction of the infrastructure required to bring the gas to market.
