EventOn Aug 28 2026, TotalEnergies sold its 10 % stake in Russia’s Arctic LNG 2 project on the Gydan Peninsula to Novatek’s subsidiary NordLine. The French company remains a creditor, holding a right to recover roughly $1.3 billion in shareholder loans, subject to sanctions. Arctic LNG 2 is a 19.8‑Mtpa LNG facility with three liquefaction trains scheduled for 2023‑2026.
TotalEnergies transferred its 10% stake in the Arctic LNG 2 project to NordLine, a Novatek subsidiary, marking a corporate shift in the project's ownership structure.
TotalEnergies sold its 10% stake in Arctic LNG 2 to NordLine, a Novatek subsidiary, but kept the right to recover about $1.3 billion of shareholder loans, pending sanctions. The exit removes the French company from the 19.8 Mtpa LNG project on Russia’s Gydan Peninsula.
TotalEnergies has transferred a 10% ownership stake in the Arctic LNG‑2 liquefied natural gas project to NOVATEK’s structure, reshaping the project’s ownership profile in the Russian Arctic.
TotalEnergies transferred its 10% stake in Russia’s Arctic LNG 2 facility to a Novatek subsidiary while keeping a $1.3 billion loan claim, marking its withdrawal from the project and altering foreign investment dynamics in Arctic LNG production.
TotalEnergies has transferred its 10% stake in the Arctic LNG 2 project to NordLine, a Novatek subsidiary, completing its exit from the high‑north liquefied natural gas development. The move expands Novatek’s ownership in the project and signals a reshuffle in Arctic LNG supply dynamics.
TotalEnergies has completed the transfer of its 10% stake in Russia’s Arctic LNG 2 liquefied natural gas project, ending its involvement in this key Arctic energy venture.
TotalEnergies transferred its 10% stake in Arctic LNG 2 to Novatek’s subsidiary NordLine, ending its direct shareholding while retaining a $1.3bn loan recovery right subject to sanctions.
TotalEnergies has transferred its 10% stake in the Arctic LNG 2 project on Russia’s Gydan Peninsula to NordLine, a subsidiary of ...
TotalEnergies has transferred its 10% share of the Kara Sea Arctic LNG 2 liquefied natural gas facility to Novatek’s NordLine subsidiary, formally ending its participation in the project.
TotalEnergies will sell its 10 % stake in the Arctic 2 liquefied natural gas project in Russia's Arctic region, a move announced by CEO Patrick Pouyanne that could alter investment and supply dynamics for Russian LNG exports.
TotalEnergies transferred its 10% stake in the Arctic LNG 2 project on Russia’s Yamal Peninsula to Novatek subsidiary NordLine while keeping rights worth about $1.3 billion.
TotalEnergies has transferred its 10% interest in Russia’s Arctic LNG 2 to a Novatek subsidiary, ending its participation in the high‑north liquefied natural gas project.
TotalEnergies has transferred its 10% stake in Russia's Arctic LNG 2 to Novatek, ending its involvement in the project.
TotalEnergies announced it will divest its 10% stake in the Arctic LNG 2 liquefied natural gas project, transferring ownership after CEO Patrick Pouyanne’s July announcement.
TotalEnergies has completed its sale of a 10% stake in Russia’s Arctic LNG 2 project to Novatek’s subsidiary NordLine, ending its shareholder role while still seeking reimbursement for $1.3 billion in loans.
TotalEnergies has sold its 10 % share of Russia’s Arctic LNG 2 export complex to Novatek’s NordLine, ending its participation in the UK‑EU‑US‑sanctioned project. The company retains a claim to about $1.3 billion of project loans, while Russia continues adding ships to export LNG from the facility.
TotalEnergies has finished transferring its 10% stake in Arctic LNG 2 to NordLine, shifting ownership of the high‑north liquefied natural gas project.
TotalEnergies has transferred its 10% stake in the Arctic LNG 2 project to Russian subsidiary NordLine, changing the project's ownership structure.
TotalEnergies completed the sale of its impaired 10% stake in Russia’s Arctic LNG 2 project to Novatek, retaining a ~$1.3 B reimbursement claim while acknowledging sanctions‑related restrictions; the deal marks a shift in the company’s Arctic energy strategy.
TotalEnergies completed the sale of its 10% stake in the Arctic LNG 2 liquefied natural gas project to NordLine, a Novatek subsidiary, ending its shareholding. The transaction finalizes the earlier announcement and alters the project’s ownership structure.
TotalEnergies has transferred its 10% stake in Novatek’s Arctic LNG 2 to NordLine, ending all ownership of the Russian Arctic LNG export project amid U.S. sanctions that disrupted supplies and financing.
TotalEnergies has sold its 10% stake in the Arctic LNG 2 project to NordLine (a Novatek subsidiary), ending its shareholder role.
