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TotalEnergies: 1.1 billion euros total exposure to Yamal LNG and Arctic LNG 2 programmes

TotalEnergies: 1.1 billion euros total exposure to Yamal LNG and Arctic LNG 2 programmes
TotalEnergies: 1.1 billion euros total exposure to Yamal LNG and Arctic LNG 2 programmes Copyright Thomson Reuters 2022
Copyright Thomson Reuters 2022
By Reuters
Published on Updated
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PARIS - French company TotalEnergies, under pressure from politicians over its business interests in Russia, detailed a toal exposure of 1.1 billion euros ($1.2 billion) in total to the Yamal LNG and Arctic LNG programmes.

"It is specified that TotalEnergies granted guarantees in its capacity as shareholder for the benefit of lenders to cover its share of the debt under the financings of the Yamal LNG and Arctic LNG 2 projects," it said in its annual report.

"On Yamal LNG, the amount of the guarantee that could be called, if applicable, is approximately 400 million euros; on Arctic LNG 2, the company's exposure amounts to approximately 700 million euros," added the company.

($1 = 0.9103 euros)

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