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business/news//Seeking Alpha
Putin approves TotalEnergies' sale of 10% stake in Arctic LNG 2.
Vladimir Putin approved TotalEnergies' sale of its 10% stake in Arctic LNG 2.
KEY POINTS
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
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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
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