Oil Shrugs Off Trump’s ‘Toughest Sanctions in History’

Sempra Infrastructure announced plans to expand its Port Arthur LNG export project, adding 27 million tons per year of capacity by the mid-2030s. The expansion is part of a third phase of the project along the US Gulf Coast.

TotalEnergies has completed the transfer of its 10% stake in Arctic LNG 2 to NordLine, a subsidiary of Novatek. The company will retain rights to reimbursement for its share of project loans, approximately $1.3 billion, subject to sanctions.

TotalEnergies has exited Russia's sanctioned Arctic LNG 2 project, transferring its 10% stake to Novatek's subsidiary NordLine. The French company retains reimbursement rights for $1.3B in loans, though subject to sanctions. TotalEnergies wrote off its $4.1B stake in 2022. The exit follows international sanctions on the project.

TotalEnergies has exited the Arctic LNG 2 project but remains a shareholder in two other related gas ventures in Russia. The company retains the right to receive $1.3 billion from Arctic LNG 2.

TotalEnergies transferred its 10% stake in the Arctic LNG 2 project. The company retains rights to reimbursement for its share of loans, estimated at $1.3 billion, subject to sanctions.

TotalEnergies SE has completed the transfer of its 10% stake in Russia's Arctic LNG 2 project to PAO Novatek, retaining rights to reimbursement of around $1.3 billion, subject to sanctions. The French energy company had previously impaired its stake by $4.1 billion. TotalEnergies continues to hold a 20% stake in Yamal LNG, which generates irregular cash flows despite sanctions, averaging $300-400 million annually.