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TotalEnergies Offshore Wind Lease Abandonment and LNG Pivot

Sector: Wind • Location: United States

Source: gCaptain

Project
Cancelled

The Trump administration reached a $928 million agreement with TotalEnergies to abandon two major U.S. offshore wind leases awarded in 2022, specifically the Carolina Long Bay lease (OCS-A 0545) and New York Bight lease (OCS-A 0538). TotalEnergies will exit offshore wind development in the U.S. and redirect the reimbursed lease payments into LNG and oil and gas projects, including the Rio Grande L

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The project “TotalEnergies Offshore Wind Lease Abandonment and LNG Pivot” is an infrastructure initiative in the Wind sector, located in United States. Taiyo aggregates data on it from gCaptain.

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Participants

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cancelled

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Description

Description

The Trump administration reached a $928 million agreement with TotalEnergies to abandon two major U.S. offshore wind leases awarded in 2022, specifically the Carolina Long Bay lease (OCS-A 0545) and New York Bight lease (OCS-A 0538). TotalEnergies will exit offshore wind development in the U.S. and redirect the reimbursed lease payments into LNG and oil and gas projects, including the Rio Grande LNG export facility in Texas and upstream oil and gas development.

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Source reliability

High

Data quality score

100%

Source

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URL

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