TotalEnergies transferred its 10% stake in the Arctic LNG 2 project to NordLine. NordLine operates as a subsidiary of the Russian energy company Novatek. This transaction finalizes the French major's exit from the sanctioned venture following the invasion of Ukraine. The company previously detailed this divestment plan during its second-quarter 2026 results presentation.
TotalEnergies retains the right to be reimbursed for approximately $1.3 billion in shareholder loans. International sanctions currently restrict the repayment of these funds. This regulatory environment creates significant uncertainty regarding the eventual recovery of the capital.