TotalEnergies invests in U.S. LNG and oil & gas projects and renounces offshore wind leases under settlement with U.S. Department of the Interior
Type: Investment · Technology: Oil Gas, Transport, Industrial · Country: United States · Value: $928M · Announced: 2026-03-23
TotalEnergies agreed with the U.S. Department of the Interior to renounce certain U.S. offshore wind leases in exchange for reimbursement and to redirect approximately $928 million into U.S. LNG (Rio Grande LNG Trains 1–4 in Texas) and upstream oil and gas investments, with the U.S. reimbursing lease fees dollar-for-dollar.
Counterparties
- Attentive Energy, LLC (Seller)
- U.S. Department of the Interior (Partner)
- TotalEnergies SE (Investor)
- TotalEnergies Renewables USA, LLC (Seller)
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