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
- 1,000-Mile Pipeline Exit Plan by Hope Gas Alarms West Virginia Producers
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- Greenpeace Ordered to Pay $667 Million to Energy Transfer Over Dakota Access Pipeline Protests
- Boardwalk’s Texas Gas Launches Open Season for 2 Bcf/d Marcellus-to-Louisiana Pipeline Expansion
- New Alternatives for Noise Reduction in Gas Pipelines
- Construction Begins on Ghana's $12 Billion Petroleum Hub, But Not Without Doubts
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- Gazprom’s Grandeur Fades as Europe Moves Away from Russian Gas
- Greenpeace Ordered to Pay $667 Million to Energy Transfer Over Dakota Access Pipeline Protests
Comments