EventTotalEnergies sold its 10 % stake in Russia’s Arctic LNG 2 project—a Novatek subsidiary—ending its direct participation. The company remains a shareholder in two other Russian gas ventures and preserves a right to receive $1.3 billion from Arctic LNG 2.
TotalEnergies has fully exited its 10 % stake in the Arctic LNG 2 project, transferring that share to Novatek after the UK, EU, and U.S. imposed sanctions on the venture. The move ends the French company’s contractual rights, reshaping ownership of the Arctic gas export facility.
TotalEnergies has sold its 10% stake in the Arctic LNG 2 project, a Novatek subsidiary, effectively ending its direct participation in the Russian high‑north liquefied natural gas development.
TotalEnergies has finished its stake sale in the Arctic LNG 2 project on Russia’s Kara Sea while still holding equity in two other related gas ventures and preserving a right to receive $1.3 billion from Arctic LNG 2.
TotalEnergies has completed its exit from the Arctic LNG 2 project on Russia’s Yamal Peninsula, but remains a shareholder in two related Russian gas ventures and retains a right to receive $1.3 billion from the project.
