TotalEnergies Exits Arctic LNG 2 with $1.3 Billion Loan Repayment

TotalEnergies has completed its exit from the Arctic LNG 2 project in Russia, which faced US sanctions, and expects to recover approximately $1.3 billion in loan reimbursements. This marks the company's full withdrawal from the US-sanctioned liquefied natural gas venture. The exit reflects ongoing geopolitical pressures and international sanctions related to Russian energy projects.