TotalEnergies has boosted its US LNG position, having made multiple agreements related to NextDecade and its Rio Grande LNG project in the Port of Brownsville, South Texas.
Under terms of the agreement, the global multi-energy company will acquire a 17.5% interest in NextDecade for $219m.
TotalEnergies will also hold a 16.7% interest in the first phase of the Rio Grande LNG project and will offtake 5.4 million tonnes per annum of LNG from the first phase for a 20-year term.
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