‘These investments will contribute to supplying Europe with much-needed LNG from the US and provide gas for US data centre development.,’ said Patrick Pouyanné, TotalEnergies CEO.
‘These investments will contribute to supplying Europe with much-needed LNG from the US and provide gas for US data centre development.,’ said Patrick Pouyanné, TotalEnergies CEO.
TotalEnergies will invest $928 million in the development of Train 1 to 4 of Rio Grande LNG plant in Texas; and upstream conventional oil in Gulf of America and of shale gas production.
The US will terminate Lease No. OCS-A 0535 in the Carolina Long Bay area. This lease was fully executed by TotalEnergies on 1 June 2022, after payment of $133 million. It will also terminate Lease No. OCS-A 0538 in the New York Bight area. The lease was fully executed by Attentive Energy, LLC on 1 May 2022, after payment of $795 million. For more analysis go to the Crosstalk column on page 18-19.
