TotalEnergies completes transfer of 10% stake in sanctioned Arctic LNG 2

1. 1TotalEnergies (TTE) has completed the transfer of its 10% stake in the sanctioned Russian Arctic LNG 2 project
2. 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
3. 3The company fully wrote down the $4.1 billion stake in 2022 and said in its July earnings report that an exit was imminent

Source Oilprice.com +1 · View original ↗

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