France’s TotalEnergies confirmed Thursday that it has completed the divestment of its 10% shareholding in Russia’s blacklisted Arctic LNG 2 project. The French major, however, retains its stake in the project’s controlling shareholder, private LNG producer Novatek, as well as in the non-blacklisted Yamal LNG project.
TotalEnergies Exits Arctic LNG 2, Retains Novatek Stake
TotalEnergies has completed its exit from Russia’s sanctioned Arctic LNG 2, but retains stakes in Novatek and the Yamal LNG project.
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