TotalEnergies redirects $1 billion offshore wind investment to US gas and LNG

Summary

TotalEnergies announced a decision to redirect nearly $1 billion from offshore wind investments to gas and LNG projects in the U.S. This agreement was made between CEO Patrick Pouyanne and Secretary Doug Burgum.

Recent Coverage

• The High Cost of Canceling Offshore Wind in the United States

  OilPrice.com • Mar 29

• Washington Plans $1 Billion Deal to Kill Wind Power as Energy Prices Rise

  OilPrice.com • Mar 28

• U.S. deal ends TotalEnergies offshore wind plans, accelerates LNG investment

  Oil and Gas 360 • Mar 24

• TotalEnergies Exits US Offshore Wind Market in Favor of Gas

  RigZone • Mar 24

• TotalEnergies Agrees to Walk Away From US Offshore Wind

  Energy Intel • Mar 23