# Putin approves TotalEnergies' sale of 10% stake in Arctic LNG 2.

*business · news · 2026-06-03 · Seeking Alpha*

## Key points

- Vladimir Putin approved TotalEnergies' sale of its 10% stake in Arctic LNG 2.
- The approved buyer of TotalEnergies' stake is Nordline LLC, according to Bloomberg.
- This is a rare Russian approval allowing a Western exit from a U.S.-sanctioned energy project.
- TotalEnergies' exit is from the Arctic LNG 2 export project, currently under Western sanctions.

Putin approves TotalEnergies' sale of 10% stake in Arctic LNG 2 Jun 03, 2026, 11:03 AM ETTotalEnergies SE (TTE) StockTTES:CABy : Carl Surran, SA News Editor Comment (1) Russia's Vladimir Putin authorized TotalEnergies (TTE) to sell its 10% stake in the U.S.-sanctioned Arctic LNG 2 export project to Nordline LLC, Bloomberg reported Wednesday, in a rare approval that allows the French company to exit a project strangled by Newsletters for Every Investor Get daily, sector-specific newsletters packed with expert insights, fresh ideas, and new opportunities. Subscribe to Newsletters

**Companies:** TotalEnergies
**Countries:** Russia, France

[Read the full story on Seeking Alpha](https://seekingalpha.com/news/4600324-putin-approves-totalenergies-sale-of-10-percent-stake-in-arctic-lng-2)

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