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Sputnik International
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
Posted in:
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
Publishing date: Jun 03, 2021 • 50 minutes ago • 2 minute read •
Article content
ST PETERSBURG Russia on Thursday said it would ditch all U.S. dollar assets in its National Wealth Fund (NWF) and increase holdings in euros, Chinese yuan and gold in what analysts said was a political move ahead of a presidential Russia-U.S. summit later this month.
Russia has been gradually reducing its dollar holdings since the imposition of Western sanctions following Moscow’s annexation of Crimea in 2014, and has sought to partially decouple from the Western financial system.
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