TotalEnergies Transfers 10% Stake in Arctic LNG 2 to NordLine

MT newswire2026/08/27 07:41

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03:41 AM EDT, 08/27/2026 (MT Newswires) -- TotalEnergies (TTE) transfer of its 10% interest in Arctic LNG 2 to Novatek's NordLine subsidiary has been completed, the company said Thursday. TotalEnergies retains its rights to be reimbursed by Arctic LNG 2 for its share of the loans provided by the shareholders to the project, around $1.3 billion, as part of the transfer agreement, the company said.

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