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TTE TotalEnergies SE

66.36
-0.49 (-0.73%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
TotalEnergies SE EU:TTE Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.49 -0.73% 66.36 66.20 66.48 67.16 65.99 66.85 2,803,917 16:40:00

Arctic LNG 2 Project Approved by Total, Novatek, Other Shareholders

05/09/2019 7:58am

Dow Jones News


TotalEnergies (EU:TTE)
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By Olivia Bugault

 

Total SA (FP.FR) said Thursday that the final investment decision for the launch of Arctic LNG 2, a liquefied natural gas project in Russia, has been approved.

The French oil major, Novatek (NVTK.LN) and the other project shareholders approved the investment decision for the LNG project, which will have a capacity of 19.8 million tons per year and should export its first LNG cargo by 2023, Total said.

Total has a 10% direct interest in the Arctic LNG 2 project, while Novatek hold a 60% interest in the company. Total also has a 19.4% stake in Russian gas producer Novatek.

 

Write to Olivia Bugault at olivia.bugault@dowjones.com

 

(END) Dow Jones Newswires

September 05, 2019 02:43 ET (06:43 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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