
(Source: Shutterstock)
TotalEnergies is investing more than $400 million into LPG for the purpose of cooking, the global energy company announced at the International Energy Agency’s (IEA) Clean Cooking Summit.
The initiative is part of TotalEnergies’ plan to provide more than 100 million people in Africa and Asia access to clean cooking by 2030. According to the IEA, more than 2.3 billion people across the world do not have access to clean cooking methods.
Using LPG is an alternative to cooking with ‘dirtier’ forms of energy, such as wood or coal. According to TotalEnergies’ press release, access to LPG will improve air quality and thus people’s health, save time and reduce CO2 emissions and deforestation.
“By developing access to clean cooking in Africa and India, TotalEnergies aims to have a positive impact on the environment and on people’s health, while also helping to reduce gender inequalities in these regions,” said Patrick Pouyanné, chairman and CEO of TotalEnergies. “Clean cooking contributes to long-term social, economic and human development in a more sustainable way.”
In an effort to make clean cooking more affordable, TotalEnergies is also developing a digital pay-as-you-cook method as opposed to paying the full value of an LPG cylinder up front.
Recommended Reading
Apollo Makes Strategic Investment in T.D. Williamson
2025-06-10 - Apollo Global Management has made an investment in global infrastructure technology and services company T.D. Williamson, which will remain majority owned by SCF Partners.
CPP Wants to Invest Another $12.5B into Oil, Gas
2025-03-26 - The Canada Pension Plan’s CPP Investments is looking for more oil and gas stories—in addition to renewable and other energies.
Money Talks: First Horizon's Investment Thesis on Oil, Gas
2025-04-20 - Macro events must be part of the investment thesis in a global commodities business, says Moni Collins, senior vice president for energy lending at First Horizon Bank.
IOG Resources Forms Third Vehicle Focused on Non-Op M&A
2025-05-06 - IOG Resources III Holdings LLC, again backed by First Reserve, has an investment target ranging from approximately $50 million to $200 million.
Terra Team Launches New E&P with $300MM in Kayne Anderson Backing
2025-06-03 - Team members from Terra Energy Partners, a major Piceance Basin gas producer, are launching Terra II with backing from Kayne Anderson.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.