Totalenergies acquires 10% in operator of LNG terminals under construction from Novatek

By griffith - July 27, 2021

MOSCOW. July 26 (Interfax) – France’s Totalenergies (formerly Total ) has closed a deal to buy 10% in Arctic Transshipment LLC from Novatek , according to the Unified State Register of Legal Entities.

Novatek now owns 90% of the company, while Totalenergies owns 10%. The deal was concluded on July 23. The sale and purchase agreement was signed in early June.

The charter capital of Arctic Transshipment is 50 million rubles.

Arctic Transshipment LLC, a subsidiary of Novatek, is the operator of two LNG transshipment facilities under construction in Kamchatka and the Murmansk Region. The terminals are designed to ensure efficient transportation of LNG from Arctic LNG 2 and other Novatek projects by transshipment from Arc7 ice-rated LNG tankers to conventional vessels. Each of the terminals includes a 360,000 cubic meter floating LNG storage facility with two side-by-side transshipment points.