TotalEnergies Exits Russia’s Sanctioned Arctic LNG 2 Project

TotalEnergies completes exit from Russia's Arctic LNG 2, eyes $1.3B loan repayment

TotalEnergies said it completed the transfer of its 10% stake in the sanctioned Russian Arctic LNG 2 export facility, and that it may be reimbursed ~$1.3B for loans to the project.

TotalEnergies Exits Arctic LNG 2 Project

French energy company TotalEnergies said Thursday that it has completed its exit from a Russian gas project sanctioned in the West.

TotalEnergies Exits Russia’s Sanctioned Arctic LNG 2 Project

French oil and gas supermajor TotalEnergies has completed the transfer of its 10% stake in the Arctic LNG 2 to operator Novatek, ending its participation in the sanctioned Russian export project. TotalEnergies on Thursday confirmed that the transfer of its 10% interest in Arctic LNG 2 to NordLine, a subsidiary of the project’s operator, Novatek, has been completed.   TotalEnergies is therefore no longer a shareholder in Arctic LNG 2, said the Fr…

TotalEnergies exits sanctioned Russian Arctic LNG project

The French energy giant confirms the transfer of its 10% stake in Arctic LNG 2 to NordLine, a Novatek subsidiary.