French oil company TotalEnergies has obtained permission from the Russian authorities to conclude an agreement to sell Novatek’s 49% stake in Terneftegaz. About reported On the website of the French organization.
Novatek will consolidate the 100% joint venture (JV) with French TotalEnergies Terneftegaz, which has acquired a 49% stake in the project. At the same time, TotalEnergies will be able to recoup investments that have not yet paid off. The deal is expected to be completed in September. However, the parties refused to specify the cost.
Terneftegaz is an enterprise developing the Termokarstovoye gas field. Mining on it began in 2015. Last year, production at the site increased by 5% to 2.6 billion cubic meters of gas. Liquid hydrocarbon production increased more than a quarter (27%) to 754 thousand tons.
In early July, Kommersant, citing sources WroteZarubezhneft will buy a 20% stake in the Kharyaginskoye field from TotalEnergies, which is exiting the oil industry in Russia.
Source: Gazeta
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