TotalEnergies buys 17.5% stake in NextDecade for $219mn
TotalEnergies buys 17.5% stake in NextDecade for $219mn
-
Natural Gas News
TotalEnergies buys 17.5% stake in NextDecade for $219mn
Summary
This agreement is part of a broader pact where TotalEnergies will hold a 16.7% interest in the first phase of the Rio Grande LNG (RGLNG) project located in south Texas. by: Shardul Sharma
TotalEnergies has signed a framework agreement to acquire a 17.5% interest in US LNG developer NextDecade in three tranches for a total of $219mn, it said on June 14. The first tranche, representing a 5.06% interest, has already been acquired for $40mn. This agreement is p...
Related Knowledge Center: ENERGY BASICS: hydrogen
Hydrogen, long seen as a theoretical if not practical alternative to petroleum-based transportation fuels, is once again having a day in the sun as industries promote “green hydrogen,” produced using renewable resources.