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Home/News Feed/TotalEnergies to invest $1B in US LNG, shelving offshore wind projects amid energy security concerns
TTE
$79.32
-$1.02 -1.27%

TotalEnergies to invest $1B in US LNG, shelving offshore wind projects amid energy security concerns

Market News
24 Mar 2026
CNBC
View Source
Neutral
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TotalEnergies has agreed with the U.S. Department of the Interior to cancel its offshore wind leases on the East Coast and instead invest about $1 billion in U.S. oil, natural gas, and LNG production. This move aligns with U.S. energy policy favoring affordable and reliable energy sources amid global supply disruptions caused by the Iran conflict. The company will develop LNG infrastructure in Texas and increase conventional oil and shale gas production, supporting U.S. energy security and exports to Europe and Asia. The U.S. government will reimburse TotalEnergies for the cost of the renounced wind leases, marking a shift away from costly offshore wind projects.

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TotalEnergies remains attractively valued with strong dividend growth potential, says analyst.

TotalEnergies remains attractively valued with strong dividend growth potential, says analyst.

TotalEnergies SE is currently trading at a price-to-earnings ratio below 12, which is lower than both the S&P 500 average and its own historical average, making it attractively valued. Despite recent strong returns, the stock is still conservatively ...

Analyst Insights
Bullish
1 day ago
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