TotalEnergies Completes Stake Transfer From Arctic LNG 2 to NordLine
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TotalEnergies transferred its 10% stake in Novatek’s Arctic LNG 2 to Novatek subsidiary NordLine, completing the deal and leaving it with no remaining stake. Russia approved the transfer. TotalEnergies says it can seek reimbursement by the project for about $1.3bn of shareholder loans, subject to applicable sanctions, after US sanctions disrupted supplies and financing for the Arctic LNG 2 project in the Russian Arctic.
Coverage (9)
- TotalEnergies completes Arctic LNG 2 exit (ogj.com)
- TotalEnergies exits Arctic LNG 2 as European ties to Russian LNG persist (en.highnorthnews.com)
- TotalEnergies completes transfer of its 10% interest in Arctic LNG 2 (azernews.az)
- TotalEnergies exits Arctic LNG 2 with 10% stake sale to NordLine (offshore-technology.com)
- TotalEnergies Exits Arctic LNG 2 Project (themoscowtimes.com)
- TotalEnergies Exits Russia’s Sanctioned Arctic LNG 2 Project (finance.yahoo.com)
- TotalEnergies Exits Arctic LNG 2 (rigzone.com)
- TotalEnergies cuts final ties with Arctic LNG 2 (splash247.com)
- TotalEnergies Completes the Transfer of its 10% Interest in Arctic LNG 2 (finance.yahoo.com)