TotalEnergies Offshore Wind Lease Cancellation and LNG Investment
Planned · New York, North Carolina, Texas · Last reported Mar 2026
Source: Crude Oil Prices Today | OilPrice.com
The U.S. government plans to reimburse TotalEnergies nearly $1 billion to cancel its offshore wind leases off the coasts of New York and North Carolina, halting future offshore wind development. In exchange, TotalEnergies will invest almost $1 billion in the development of four trains at the Rio Grande LNG plant in Texas and in upstream conventional oil and shale gas production in the U.S. Gulf an
- Status
- Prospective
- Sector
- Power Generation (CCGT), LNG, Wind, Natural Gas, Government, Oil and Gas
- Location
- New York, North Carolina, Texas, United States of America
- Updated
- 22 Jul 2026
- Source
- Crude Oil Prices Today | OilPrice.com
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Project Information
Participants
| Not available for this record. |
Status
Original status | planned |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | The U.S. government plans to reimburse TotalEnergies nearly $1 billion to cancel its offshore wind leases off the coasts of New York and North Carolina, halting future offshore wind development. In exchange, TotalEnergies will invest almost $1 billion in the development of four trains at the Rio Grande LNG plant in Texas and in upstream conventional oil and shale gas production in the U.S. Gulf and shale regions. |
Original sector | Energy |
Budget |
Location
Country | United States of America (USA) |
State | New York, North Carolina, Texas |
Source
Source | Crude Oil Prices Today | OilPrice.com |
URL |
More Details
Record type | Project |
Sector | Power Generation (CCGT), LNG, Wind, Natural Gas, Government, Oil and Gas |
Article published date | 2026-03-31 |
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