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TotalEnergies U.S. Offshore Wind Leases Exit

Sector: LNG • Location: Texas, United States

Source: 4C Offshore

Project
Cancelled

TotalEnergies agreed with the U.S. Department of the Interior to relinquish two offshore wind leases acquired in 2022 in the Carolina Long Bay area and the New York Bight. The company will redirect nearly $1 billion of capital into U.S. LNG and natural gas developments, including the Rio Grande LNG project in Texas and additional upstream oil and gas activities. The leases will be terminated once

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The project “TotalEnergies U.S. Offshore Wind Leases Exit” is an infrastructure initiative in the LNG sector, located in Texas, United States. Taiyo aggregates data on it from 4C Offshore.

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Participants

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Original status

cancelled

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Description

Description

TotalEnergies agreed with the U.S. Department of the Interior to relinquish two offshore wind leases acquired in 2022 in the Carolina Long Bay area and the New York Bight. The company will redirect nearly $1 billion of capital into U.S. LNG and natural gas developments, including the Rio Grande LNG project in Texas and additional upstream oil and gas activities. The leases will be terminated once the company reinvests an equivalent amount in U.S.-based energy projects. TotalEnergies will not pursue new offshore wind projects in the United States.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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