TotalEnergies completes transfer of 10% stake in sanctioned Arctic LNG 2
TTE TotalEnergies SE
$87.13 -1.88%
View chart & analysis → - 1TotalEnergies (TTE) has completed the transfer of its 10% stake in the sanctioned Russian Arctic LNG 2 project
- 2The stake was handed over to Nordline, a subsidiary of operator Novatek, while TotalEnergies retains a shareholder loan repayment claim of about $1.3 billion
- 3The company fully wrote down the $4.1 billion stake in 2022 and said in its July earnings report that an exit was imminent
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