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TotalEnergies U.S. Natural Gas and LNG Investment Shift

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Source: TipRanks

Project
Planned

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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The project “TotalEnergies U.S. Natural Gas and LNG Investment Shift” is an infrastructure initiative in the LNG sector, located in Texas, United States. Taiyo aggregates data on it from TipRanks.

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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