The President of the Russian Federation signed an order on a special decision on the transaction of NordLine LLC. The document is published on the portal of legal acts.
According to the document, NordLine LLC (a subsidiary of NOVATEK) may acquire 10% of Arctic LNG 2 LLC owned by TotalEnergies EP Salmanov.
The Arctic LNG 2 project provides for the construction of three technological lines for the production of liquefied natural gas (LNG) with a total capacity of 19.8 million tons per year and stable gas condensate up to 1.6 million tons per year.
The project operator and owner of all assets is Arctic LNG 2 LLC, a joint venture of NOVATEK PJSC (60%), TotalEnergies Concern (10%), Chinese corporations CNPC (10%) and CNOOC (10%) and JAPAN ARCTIC LNG (a consortium of Japanese companies MITSUI and JOGMEC) (10%).
The Arctic LNG 2 participants made the final investment decision on the project in September 2019. Capital investments to launch the project at full capacity are estimated at the equivalent of $21.3 billion.
The resource base of the Arctic LNG 2 project is the Utrennoye field, discovered in 1979 and located on the Gydan Peninsula in the Yamalo-Nenets Autonomous District, about 70 km from the Yamal LNG project on the eastern shore of the Gulf of Ob.
TotalEnergies EP Salmanov is a subsidiary of the French energy company TotalEnergies in Of Russia.
TotalEnergies SE is a French multinational oil and gas company. The headquarters is located in Paris (France) with offices in 120 countries.
PJSC NOVATEK is an independent producer of natural gas in Russia. Established in 1994, the company is engaged in the exploration, production, processing and sale of gas and liquid hydrocarbons. NOVATEK's fields and licensed areas are located primarily in the Yamalo-Nenets Autonomous Okrug.
The profit attributable to the shareholders of PJSC NOVATEK in 2025 fell 2.7 times to 183.03 billion rubles from 493.49 billion rubles a year earlier. The normalized profit attributable to the shareholders of PJSC NOVATEK, excluding the effect of exchange differences, amounted to 207 billion rubles. compared to 553 billion rubles . Sales revenue decreased by 6.5% to 1.44 trillion rubles from 1.5 trillion rubles. As a result, tax deductions decreased by 16% or 48 billion rubles. Normalized EBITDA decreased by 14.7% to 859.3 billion rubles (1 trillion rubles).
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