TotalEnergies Exits Russia’s Arctic LNG 2 Project

AI Summary

TotalEnergies has exited Russia's Arctic LNG 2 project by transferring its 10% stake to NordLine, a Novatek subsidiary. This marks the company's full withdrawal from the Russian Arctic liquefied natural gas venture amid geopolitical pressures.

TotalEnergies has completed the transfer of its 10% interest in Russia's Arctic LNG 2 project to NordLine, a subsidiary of Russian gas producer Novatek, and is no longer a shareholder in the project…