Commodities and Futures News
Total Energy will work in Russia despite sanctions
2022.12.09 11:16
Total Energy will work in Russia despite sanctions
Budrigannews.com – French oil goliath TotalEnergies isn’t leaving the Yamal LNG project for the present, a source acquainted with the matter said on Friday, after the organization chose to take a $3.7 billion discount on its stake in Russia’s Novatek. In the Arctic of Russia, Yamal LNG produces liquefied.
A spokesperson for TotalEnergies responded, “Yes, we are still involved in the Yamal LNG project.” Naturally, because TotalEnergies must continue to ensure that it continues to supply gas to Europe via Yamal LNG at the request of EU authorities.” Novatek owns 50.1% of the project, while TotalEnergies owns 20%. Silk Road Fund controls 9.9%, while China’s CNPC controls 20%.
