Marine Link
Friday, December 13, 2024

Total to Buy $4B Stake in Novatek, Join Arctic LNG Project

Maritime Activity Reports, Inc.

March 7, 2011

According to a March 3 report from Bloomberg, Total SA (FP), Europe’s third-biggest oil company, agreed to buy 12% of OAO Novatek and join the Yamal LNG project to snap up reserves as international energy producers rush to explore Russia’s Arctic resources.

 
(Source: Bloomberg)
 

Subscribe for
Maritime Reporter E-News

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week