TotalEnergies Exits Arctic LNG 2 Project with Stake Transfer

TotalEnergies has completed its exit from Russia's Arctic LNG 2 project by transferring its 10% stake to Novatek subsidiary.

The move removes a major Russian liquefied natural gas exposure from TotalEnergies' portfolio at a time of ongoing international sanctions on the project.

This transaction reshapes the company's geographic risk profile and may affect future LNG related cash flows and project commitments.