Announced
Financials
Tags
natural gas pipeline
Pipelines
gas transmission
United States
Minority
Single Bidder
Acquisition
Cross Border
Public
Pending
Friendly
Synopsis
TotalEnergies, a multinational integrated oil and gas company, agreed to acquire a 17.5% stake in NextDecade, a liquefied natural gas development company, for $219.4m. "Our involvement in this project will add 5.4 million tons per year of LNG to our global portfolio, strengthening our ability to ensure Europe's security of gas supply, and to provide our Asian customers with an alternative fuel to coal," Patrick Pouyanne, TotalEnergies Chairman and CEO.
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