TotalEnergies U.S. Natural Gas and LNG Investment Shift
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Source: TipRanks
TotalEnergies has agreed with the U.S. Department of the Interior to redirect capital from offshore wind leases to natural gas projects in the United States. The company will invest approximately $1 billion, the value of its renounced offshore wind leases, into oil, natural gas, and LNG production. This includes $928 million investment in 2026 for the development of Train 1 to 4 of the Rio Grande
- Status
- Prospective
- Sector
- LNG, Wind, Natural Gas, Rail, Oil and Gas
- Location
- Texas, United States of America
- Updated
- 22 Jul 2026
- Source
- TipRanks
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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 | TotalEnergies has agreed with the U.S. Department of the Interior to redirect capital from offshore wind leases to natural gas projects in the United States. The company will invest approximately $1 billion, the value of its renounced offshore wind leases, into oil, natural gas, and LNG production. This includes $928 million investment in 2026 for the development of Train 1 to 4 of the Rio Grande LNG plant in Texas, upstream conventional oil in the Gulf of America, and shale gas production. TotalEnergies has also relinquished its offshore wind leases in Carolina Long Bay and New York Bight and pledged not to develop new offshore wind projects in the U.S. |
Original sector | Energy |
Budget |
Location
Country | United States of America (USA) |
State | Texas |
Source
Source | TipRanks |
URL |
More Details
Record type | Project |
Sector | LNG, Wind, Natural Gas, Rail, Oil and Gas |
Article published date | 2026-03-27 |
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