For us, it’s important, I remind you because we have access to – we have only 16% of the projects, but we have access to almost 55% of the production, 1.7 million tons, very well located to go to Asia. We have North Field East as well in Qatar and North Field South, two large projects. It’s 2 million tons for the first one, 1.5 million tons for the second one, for TotalEnergies. They are on his way? No. Things have been sanctioned and contractors are mobilized. And then the last one is Rio Grande. We, I think, selected a good project. South Texas. We have a good contractor Bechtel, very committed. We have all the authorizations. So no problem of temporary ban. And so we are moving on. Of course, it’s quite a large project. So our target is 27, but it’s on its way and even a little in advance compared to planning curve.
Two of our projects important, which will – on which we work is Mozambique. So Mozambique, we have, I think, the security report, the human rights report. Now, we are remobilizing the contractors. And I think we are not far from having everything set with them. The last part is [indiscernible] a large project financing, which was, I would say, put on hold when the events came in ‘21. And so we need now to – we are reactivating with all these financial institutions around the world, this project financing and when all that will be done, we will start again the project. On Papua LNG, we are working as well on all the France marketing. It’s a project which is well perceived in Asia but also the financing because we need to put the financing in place and the EPC contracts we work with contractors.
So that’s on LNG, six projects I would say, in parallel. A comment on the results that I want just to clarify, I know we had the question mark. 2023 somewhere, we benefited from the fact that we are hedging 1 year in advance part of our portfolio, except Russia. So this was represent in the $7.3 billion, I think, that were mentioned by Jean-Pierre, $500 million. So this $500 million were exceptional. We could not hedge at the same level for ‘24 and ‘23. Having said that, and what we target is $7 billion, I would say, of cash flow from LNG because we have a better – we have a growth, as we mentioned, 9% in the growth production in ‘23. So we will benefit of it. So we should be around $7 billion. So we expect a stable, I would say, cash flow coming from LNG.
We took an environment for this figure, which is a little lower than in ‘23 and TTF, $10 instead of $13, just to – as an average. Integrated power for ‘24, we commented already the increase of capacity plus 6 gigawatts, the electricity generation more than 45, 25 coming from renewables. And for the cash flow, we continue – the idea is that we should grow to reach the net cash flow positive by 2020. We need to grow by $500 million per year, more or less. So the idea is that our objective is to be able to deliver $2.5 billion to $3 billion out of a portfolio of which will be by end of ‘24 around $125 billion of cash capital employed more is $24 billion, $25 billion. So that’s continued growth and all businesses contributing to this increase.
Of course, it’s important to demonstrate the profitability and the 10% ROACE, the ambition is to grow to 12% by ‘28. Just a word about what we are building in Texas, it’s one of the announcements that we’ve done during the last quarter. Texas is a very interesting market because it’s a growing market, growing population in Texas. People in the U.S. are moving to Texas. So – and it’s with quite a lot of imbalances and bottlenecks in the infrastructure, which create a lot of opportunities for renewables but also for flexible generation. And in particular, it’s quite nice for us because it’s – during the summer, but the spark spread in the U.S. is very positive, in Europe in our portfolio, the gas plants are more in the winter instead of summer.
And it could reach very high level. So even if the use of these gas plants is maybe only third of the year. So cash – the profit generation can be very high. And we need to have these assets. We’ve done that in good conditions in terms of accessing $600 million for 1.5 gigawatt is a good price. A direct negotiation with a private equity firm, which allow us to have access to these capacities. And it’s important because fundamentally, our customers corporate PPA. What they want to have is not only a green electricity, they want a firm electricity and to deliver a firm, if we don’t have a firm power, if we don’t have enough in our portfolio, some gas plants or flexible assets like batteries. We have also some batteries in Texas. We are already 300 megawatts installed.
We continue to grow it. If we don’t have these type of assets, it’s difficult to make trading and to make offers which are competitive. So that’s the whole objective that we are pursuing. And you will see us continuing to be very active in Texas because it’s a good market to develop – to deploy our integrated power strategy. On the downstream for ‘24. We anticipate the market to be a little lower than ‘23. ‘22, ‘23 in refining has been quite a strong market, supported by the ban on Russian crudes, the geopolitical tensions. We see some ease in the markets on refining, coming back to something like $50, $60 per ton, which is still quite high compared to what we experienced in the year 2015, 2020, but probably, I would say, a sort of softer environment in ‘24.
