RWE Will Reinvest the Sum Into Conventional Gas Projects, Including $900M for a Liquefied Natural Gas Export Terminal in Louisiana

RWE will reinvest the sum into conventional gas projects, including $900m (£669m) for a liquefied natural gas (LNG) export terminal in Louisiana. "After careful consideration, it was determined there is no path forward to permit these projects in the US for the foreseeable future, the company said. RWE agreed to relinquish its leases off the California and Louisiana coasts and in the New York Bight.

The German firm plans to invest about €17bn (£14.5bn; $19.6bn) in the US over the next six years to grow generation capacity. Interior Secretary Doug Burgum said on X that Americans deserve an energy system built on common sense, not "costly subsidies, and welcomed RWE's agreement and voluntary investment in projects that strengthen US energy security. The deal is the latest in the Trump administration's push to halt offshore wind, following a March 2026 agreement with TotalEnergies to end its US offshore wind projects in exchange for investment in a Texas LNG plant and Gulf of Mexico oil.

The administration also signed a $129bn (£96bn) deal with Duke Energy last month to terminate its offshore wind lease in the Carolina Long Bay area. Trump, a fossil fuel supporter, has called wind turbines "big, ugly windmills" dangerous to wildlife.