TotalEnergies completes Arctic LNG 2 exit, retains $1.3B loan claim

TotalEnergies has finalized its withdrawal from Russia's Arctic LNG 2 project, relinquishing its equity stake but preserving a $1.3 billion shareholder loan claim, contingent on sanctions relief. The move marks a definitive corporate exit from a key Russian energy asset amid ongoing Western sanctions, though the financial recovery remains uncertain.