TotalEnergies Exits Russia’s Sanctioned Arctic LNG 2 Project

French oil and gas supermajor TotalEnergies has completed the transfer of its 10% stake in the Arctic LNG 2 to operator Novatek, ending its participation in the sanctioned Russian export project. TotalEnergies on Thursday confirmed that the transfer of its 10% interest in Arctic LNG 2 to NordLine, a subsidiary of the project’s operator, Novatek, has been completed. TotalEnergies is therefore no longer a shareholder in Arctic LNG 2, said the French major, which had announced in its second-quarter earnings call in July that an exit from…