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Market Chatter: TotalEnergies Bags Approval to Sell Arctic LNG 2 Project Stake in Russia

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TotalEnergies (TTE.PA, TTE.L) secured approval from the Russian government to offload a 10% stake in its Arctic LNG 2 project located in the country's Gydan Peninsula, Bloomberg News reported Wednesday, citing a presidential order.

The approval allows the energy giant to transfer its direct holding in the project, which has been under sanctions due to the Russia-Ukraine war.

TotalEnergies did not immediately respond to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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