TotalEnergies to Move Forward with Natural Gas Contracts with Russia
(Reuters) — TotalEnergies will stick to existing natural gas contracts in Russia as long as gas is not specifically targeted by European sanctions, the company's CEO said on Wednesday, reiterating a previously stated position.
"We are entering into something which is more and more complex", Patrick Pouyanne told investors, speaking about the war in Ukraine, adding that he believed the conflict could last for some time.
Asked about dividends resulting from Total's close-to to 20% stake in Russian gas producer Novatek, Pouyanne said "we have received something this year," but added that receiving payments from Russian companies was becoming increasingly complex.
Besides its Novatek holding, TotalEnergies also owns minority stakes in the Yamal and Arctic LNG projects.
Related News
Related News

- FERC Approves TC Energy's 1,377-Mile West Coast Pipeline Expansion
- Kinder Morgan to Buy NextEra’s 462-Mile Texas Pipeline System for $1.8 Billion
- Williams' Gas Pipeline in Idaho Ruptures, Company Challenges Explosion Allegations
- Biden Awards $7 Billion in Hydrogen Hub Money to 16 States
- Mountain Valley Pipeline Sues Protesters Hindering $7.2 Billion Construction Project
Comments