Putin approves Novatek’s acquisition of TotalEnergies’ stake in Arctic LNG 2

Russian President Vladimir Putin has authorised the acquisition of TotalEnergies' 10% stake in the Arctic LNG 2 project by Nordline Ltd., a wholly owned subsidiary of Novatek, paving the way for the Russian gas producer to increase its ownership in the sanctions-hit development to 70%. The approval was granted under a presidential decree issued in … Continue reading Putin approves Novatek’s acquisition of TotalEnergies’ stake in Arctic LNG 2 →

Russia remains the fourth-largest LNG producer as sanctions delay 2030 output target

Russia ranked as the world’s fourth-largest producer of liquefied natural gas in 2025, even as international sanctions forced the country to push back its ambition to produce 100 million tonnes of LNG annually by the end of the decade. Russian companies produced 33 million tonnes of LNG in 2025, Deputy Prime Minister Alexander Novak said, … Continue reading Russia remains the fourth-largest LNG producer as sanctions delay 2030 output target →