TotalEnergies Presses Forward on U.S. LNG, Solar Projects

Researched by Industrial Info Resources (Sugar Land, Texas)--A softening price environment for oil and natural gas weighed on TotalEnergies SE's (NYSE:TTE) (Courbevoie, France) global results in the second quarter, but the company remains optimistic about its growing role in the global liquefied natural gas (LNG) trade, as well as its presence in the U.S. renewable-energy market.

Industrial Info is tracking about US$2.6 billion worth of active and planned projects across the U.S. from TotalEnergies, including about US$1.7 billion worth under construction. The company made the final investment decision with partners Global Infrastructure Partners and NextDecade Corporation (NASDAQ:NEXT) to develop the first three trains of the Rio Grande LNG project on the Texas Gulf Coast, and plans to widen its presence in the U.S. solar-energy sector.