TotalEnergies, a French energy major, has transferred its stake in the Arctic LNG 2 project, according to the source publication. The company confirmed that it completed the transfer of its interest in the project.
The divestment involved TotalEnergies' 10% stake in the Arctic LNG 2 project. This transfer was made to NordLine, which is identified as a subsidiary of Novatek, the project's primary owner.
Following this transaction, TotalEnergies no longer holds any interest in the Arctic LNG 2 project. The source material indicates that this move marks the final severance of ties between TotalEnergies and the venture.
