TotalEnergies says it has no plans to sell shares in NextDecade
(Reuters) - TotalEnergies has no plans to sell its shares in U.S. LNG company NextDecade, the French energy group said on Thursday after market speculation over a potential sale.
"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," it said in a statement.
TotalEnergies issued the statement after NextDecade filed in late December a prospectus with the U.S. Securities and Exchange Commission (SEC) that would allow TotalEnergies to sell its 17.5% stake in NextDecade over time.
However, TotalEnergies said this marked a "reflection of TotalEnergies’ general approach to retain flexibility when it comes to its equity investments," rather than any actual decision to sell.
Related News
Related News
- Mitsubishi Heavy Industries Compressor acquires Swiss rotating equipment maintenance company AST Turbo AG
- Digital Exclusive: Evolving pressure relief valve designs protect LNG facilities
- Qatar’s Ras Laffan LNG hub hit by missile attack, ‘extensive damage’ reported
- JGC-Hyundai JV awarded EPC contract for major low-carbon LNG plant project in Papua New Guinea
- Iran attacks wipe out 17% of Qatar’s LNG capacity for up to five years
Comments