“TotalEnergies” CEO Patrick Pouyanne announced in July a plan under which the company’s 10% stake in the liquefied natural gas (LNG) project “Arctic 2” would be transferred to the main project shareholder “Novatek.”
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In 2022, after the war in Ukraine began, the company recorded write-downs of 4.1 billion USD (3.5 billion EUR) related to its stake in the “Arctic 2” project.
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