The Anonymous Widower

Ocasio-Cortez, Markey Ask Trump Admin To Explain Paying TotalEnergies USD 1 Billion ‘In Taxpayer Money’ To Drop Offshore Wind Projects

The title of this post, is the same as that of this article on offshoreWIND.biz.

This is the sub-heading.

US lawmakers Alexandria Ocasio-Cortez and Ed Markey have sent a letter to Secretary of the Interior Doug Burgum on the plan by the Trump administration to pay nearly USD 1 billion to TotalEnergies to cancel offshore wind projects off the US East Coast, calling on the administration to stop the payment and explain the legal basis and funding source for the proposed transfer.

These four paragraphs add detail to the story.

As reported recently, the US government’s agreement with TotalEnergies concerns the company’s exit from offshore wind development in the country by relinquishing leases for projects off New York/New Jersey and North Carolina, for which the administration intends to pay approximately USD 928 million.

The agreement also stipulates that TotalEnergies would redirect that money to oil & gas projects in the US. The company, in a press release issued after signing the agreement with the government, indicated that it would invest proceeds from the payment into a liquefied natural gas export facility in Texas and other oil and gas activities in the US that will support both domestic supply and the demand in Europe.

As reported recently, the US government’s agreement with TotalEnergies concerns the company’s exit from offshore wind development in the country by relinquishing leases for projects off New York/New Jersey and North Carolina, for which the administration intends to pay approximately USD 928 million.

The agreement also stipulates that TotalEnergies would redirect that money to oil & gas projects in the US. The company, in a press release issued after signing the agreement with the government, indicated that it would invest proceeds from the payment into a liquefied natural gas export facility in Texas and other oil and gas activities in the US that will support both domestic supply and the demand in Europe.

Trump may have got what he wanted and stopped development of wind farms, but at what cost to US taxpayers?

Out of curiosity, I asked Google AI, “Which LNG Terminal In Texas Have TotalEnergies Agreed To Develop”, And Received This Answer.

TotalEnergies has agreed to develop and invest in the Rio Grande LNG (RGLNG) project located in South Texas.

Key details regarding TotalEnergies’ involvement include:

Partnership: In June 2023, TotalEnergies signed a framework agreement with NextDecade Corporation to participate in the development of the Rio Grande LNG project.

Ownership and Phase 1: TotalEnergies holds a 16.67% stake in the first phase of the project, which includes three liquefaction trains with an annual capacity of 17.5 million tons per annum (Mtpa).

Offtake Agreement: TotalEnergies has agreed to purchase 5.4 million tons per annum (Mtpa) of LNG from Phase 1 for 20 years.

Expansion (Train 4): As of September 2025, TotalEnergies has reached a Final Investment Decision (FID) for a 10% stake in the joint venture developing Train 4 of the Rio Grande LNG facility.

NextDecade Stake: TotalEnergies also acquired a 17.5% stake in NextDecade Corporation, the developer of the project.

The Rio Grande LNG project is located in Brownsville, Texas, and is expected to contribute to TotalEnergies’ goal of expanding its U.S. LNG export capacity to 15 million tons annually by 2030.

I shall be watching this project. Especially, as several new techniques have come forward in the last few months.

 

 

 

April 3, 2026 Posted by | Artificial Intelligence, Energy, Finance & Investment | , , , , , , , , , , , , , | Leave a comment