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Total takes 10% stake in Novatek s LNG transshipment terminals
Jun 3, 2021 1:55:pm
Summary Total and Novatek will also look at ways of decarbonising LNG supply and producing and using hydrogen as a fuel.
by: Joseph Murphy
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Total takes 10% stake in Novatek s LNG transshipment terminals
France s TotalEnergies (TE) has agreed to take a 10% stake in two LNG transshipment terminals that Russian gas supplier Novatek is building in Kamchatka and Murmansk, the companies said June 3.
The pair signed the share purchase deal at the St Petersburg International Economic Forum, along with a memorandum of understanding (MoU) on decarbonisation, hydrogen and renewables.
The two transshipment terminals, each equipped with 360,000-m