How much loan repayment is TotalEnergies expecting to receive after exiting Arctic LNG 2, and under what conditions?

TotalEnergies SE stated it may be reimbursed about $1.3 billion for loans it provided to the Arctic LNG 2 project as part of its exit from the US-sanctioned venture. This reimbursement relates to its share of shareholder-provided loans and is contingent on applicable sanctions, with no guarantee of implementation in the future.

Why did TotalEnergies write down the value of its Arctic LNG 2 stake, and has it earned any revenue from the project?

TotalEnergies previously wrote down the value of its interest in Arctic LNG 2 due to US sanctions imposed over Russia’s war in Ukraine, and the company has consistently stated that it has taken no revenue from the project.

Total Eyes $1.3 Billion Loan Repayment as It Exits Arctic LNG 2

Aug 27, 2026

TotalEnergies may recover approximately $1.3 billion in loans after exiting its stake in the sanctioned Arctic LNG 2 project, transferring ownership to Novatek while retaining compensation rights subject to future sanctions.

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