TotalEnergies Offshore Wind Lease Surrender and LNG Investment
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Source: NTD
TotalEnergies, a global energy company, has agreed to surrender its offshore wind leases off North Carolina and New York back to the U.S. Department of the Interior. The company will be reimbursed for the $928 million spent on these leases and will redirect that investment into the Rio Grande LNG project in Brownsville, Texas. This agreement was announced on March 23, 2026, and reflects a shift fr
- Status
- Prospective
- Sector
- Wind, Natural Gas, LNG
- Location
- Brownsville, North Carolina; New York; Texas, United States of America
- Updated
- 22 Jul 2026
- Source
- NTD
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Project Information
Participants
| Not available for this record. |
Status
Original status | agreement reached |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | TotalEnergies, a global energy company, has agreed to surrender its offshore wind leases off North Carolina and New York back to the U.S. Department of the Interior. The company will be reimbursed for the $928 million spent on these leases and will redirect that investment into the Rio Grande LNG project in Brownsville, Texas. This agreement was announced on March 23, 2026, and reflects a shift from offshore wind development to natural gas projects in the U.S. |
Original sector | Energy |
Budget |
Location
Country | United States of America (USA) |
State | North Carolina; New York; Texas |
City | Brownsville |
Source
Source | NTD |
URL |
More Details
Record type | Project |
Sector | Wind, Natural Gas, LNG |
Article published date | 2026-03-26 |
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