TotalEnergies clarifies its position regarding its stake in U.S.-based NextDecade and reaffirms its commitment to the RGLNG project


When making equity investments in listed companies, TotalEnergies seeks, as a general principle, to retain flexibility on its future investment or divestment decisions. As far as US listed companies like NextDecade are concerned, TotalEnergies typically negotiates to obtain, through contractual arrangements, a resale registration for its shares by the issuer in order to retain such flexibility in the future. As a consequence, such registrations are not necessarily a reflection of actual decisions made by TotalEnergies to divest, but they are rather a reflection of TotalEnergies’ general approach to retain flexibility when it comes to its equity investments. TotalEnergies clarifies that it has no current plans to sell its shares in NextDecade and that it remains fully committed to the development of the Rio Grande LNG project together with operator NextDecade.