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Rio Grande LNG Plant Financing and U.S. Gas and Power Expansion

Sector: LNG • Location: United States

Source: The Globe and Mail

Project
Planned

TotalEnergies has exited its U.S. offshore wind projects by relinquishing its Carolina Long Bay and New York Bight offshore wind leases. The company will recover its lease fees and reinvest an equivalent amount into U.S. gas and power production and exports, including financing the 29 Mt Rio Grande LNG plant and expanding oil and gas activities. It also signed a letter of intent for long-term LNG

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Project Information

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The project “Rio Grande LNG Plant Financing and U.S. Gas and Power Expansion” is an infrastructure initiative in the LNG sector, located in United States. Taiyo aggregates data on it from The Globe and Mail.

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Description

Description

TotalEnergies has exited its U.S. offshore wind projects by relinquishing its Carolina Long Bay and New York Bight offshore wind leases. The company will recover its lease fees and reinvest an equivalent amount into U.S. gas and power production and exports, including financing the 29 Mt Rio Grande LNG plant and expanding oil and gas activities. It also signed a letter of intent for long-term LNG offtake from the Alaska LNG project, focusing on U.S. LNG supply for Europe and domestic demand.

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