mo4ch:>France’s Total to invest in Russian LNG terminals in Arctic & Far East | Mo4ch News

The CEO of energy major Total has announced plans to buy a share in projects aimed at constructing terminals for transferring liquefied natural gas (LNG), led by Russia’s biggest independent gas producer Novatek.According to Patrick Pouyanne, who also serves as chairman of the French energy giant, the company will buy a 10-percent stake in Novatek-led terminal projects in the Russian northwestern city of Murmansk and the Kamchatka Peninsula in the Far East.“We have just announced that Total is investing into Arctic LNG-2, but we are also planning to invest into LNG terminals in Murmansk and Kamchatka. That’s part of our deal with Novatek,” Pouyanne said, as quoted by TASS.Also on rt.comRussia to expand annual LNG production to 140 million tonsThe top manager said that both LNG hubs are vital for the development of the Arctic LNG-2 project.The volume of annual transshipments through the future terminal in Murmansk will be 20 million tons of LNG, while the Kamchatka hub is set to facili…