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TotalEnergies U.S. Offshore Wind Exit and Natural Gas Investment

Sector: LNG • Location: New York, North Carolina, Texas, Gulf States, United States

Source: ET Edge Insights

Project
Cancelled

TotalEnergies has decided to exit its offshore wind projects in the United States, including leases in the New York Bight and Carolina Long Bay, and redirect nearly $1 billion into oil and natural gas projects such as LNG infrastructure in Texas and oil and gas production in the Gulf region. This move reflects a shift in U.S. energy policy and economic considerations, with the company receiving re

Status
Closed
Sector
LNG, Wind, Natural Gas, Government, Oil and Gas
Location
New York, North Carolina, Texas, Gulf States, United States of America
Updated
22 Jul 2026
Source
ET Edge Insights

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Project Information

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The project “TotalEnergies U.S. Offshore Wind Exit and Natural Gas Investment” is an infrastructure initiative in the LNG sector, located in New York, North Carolina, Texas, Gulf States, United States. Taiyo aggregates data on it from ET Edge Insights.

Participants

Not available for this record.

Status

Original status

cancelled

Taiyo status

Closed

Taiyo last update

2026-07-22

Contact

Not available for this record.

Description

Description

TotalEnergies has decided to exit its offshore wind projects in the United States, including leases in the New York Bight and Carolina Long Bay, and redirect nearly $1 billion into oil and natural gas projects such as LNG infrastructure in Texas and oil and gas production in the Gulf region. This move reflects a shift in U.S. energy policy and economic considerations, with the company receiving reimbursement for its lease investments from the U.S. government.

Original sector

Energy

Budget

Location

Country

United States of America (USA)

State

New York, North Carolina, Texas, Gulf States

Source

Source

ET Edge Insights

URL

More Details

Record type

Project

Sector

LNG, Wind, Natural Gas, Government, Oil and Gas

Article published date

2026-03-27

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