Heurist Finance

TotalEnergies completes Arctic LNG 2 exit, targets $1.3 billion loan repayment

Bloomberg · 2 days ago
TTE
  • TotalEnergies completed its exit from the US-sanctioned Arctic LNG 2 liquefied-natural-gas venture in Russia.
  • The company said it expects reimbursement of about $1.3 billion for loans it made to the project.

Quotes

“TotalEnergies SE said it may be reimbursed about $1.3 billion for loans to the Arctic LNG 2 project as it completed its exit from the US-sanctioned liquefied natural gas venture in Russia.”— Bloomberg

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