REG-TOTAL Russia: TotalEnergies Acquires 10% of Arctic Transshipment LLC from Novatek

TotalEnergies SEAnnouncement

03/06/2021 14:45

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Russia: TotalEnergies Acquires 10% of Arctic Transshipment LLC from Novatek

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TOT) has signed a Sale and Purchase
Agreement (SPA) with Novatek to acquire 10% of Arctic Transshipment LLC, a
wholly owned subsidiary of Novatek, which owns and will operate two liquefied
natural gas (LNG) transshipment terminals being built in the Murmansk and
Kamchatka regions of Russia.

These terminals will provide export logistics services, including to the
Arctic LNG 2 project under construction, and will each initially include a
360,000 m(3) floating storage unit (FSU) and two ship-to-ship transfer kits
(STS). They will allow for the transshipment of LNG from Arc7 ice class LNG
carriers, which provide transport on the iced waters of the Arctic Ocean, to
conventional LNG carriers, which take care of the remaining delivery. By
limiting the use of Arc7 ice class LNG carriers, this optimization of the
logistic reduces the costs and CO(2 )emissions of the LNG transport.

"We are pleased to have signed this acquisition with Novatek, our
long-standing strategic partner, which is in line with our strategy of
integration along the entire LNG value chain. These terminals mark an
important step in the advancement and consolidation of the Arctic LNG 2
project, and will contribute to the safe and sustainable export of cargoes
from our existing and developing Yamal projects,” said Patrick Pouyanné,
Chairman and CEO of TotalEnergies, on the occasion of the signature at the
Saint Petersburg International Economic Forum.

TotalEnergies is a 19.4% shareholder in Novatek and holds a 20% stake in Yamal
LNG, a project that started up in December 2017 and produced more than 18.8
million tons of LNG in 2020. The company also holds a 10% stake in Arctic LNG
2, a project currently under construction and on track to deliver its first
LNG cargo in 2023.

TotalEnergies, Second Largest Global LNG Player

TotalEnergies is the world's second largest publicly traded LNG player, with a
global portfolio of nearly 50 Mt/y by 2025 and a global market share of around
10%. Thanks to its interests in liquefaction plants in Angola, Australia,
Egypt, the United Arab Emirates, the United States, Nigeria, Norway, Oman,
Russia and Qatar, the company markets LNG on all world markets. TotalEnergies
also benefits from strong and diversified positions throughout the LNG value
chain, including gas production, LNG transportation, LNG trading, and some
recent development in the LNG industry for maritime transport.

____

About TotalEnergies

TotalEnergies is a broad energy company that produces and markets energies on
a global scale: oil and biofuels, natural gas and green gases, renewables and
electricity. Our 105,000 employees are committed to energy that is ever more
affordable, clean, reliable and accessible to as many people as possible.
Active in more than 130 countries, TotalEnergies puts sustainable development
in all its dimensions at the heart of its projects and operations to
contribute to the well-being of people.

TotalEnergies Contacts

Media Relations: +33 1 47 44 46 99 l presse@totalenergies.com
(mailto:presse@totalenergies.com) l @TotalEnergiesPress

Investor Relations: +44 (0)207 719 7962 l ir@totalenergies.com
(mailto:ir@totalenergies.com)

Cautionary Note

This press release, from which no legal consequences may be drawn, is for
information purposes only. The entities in which TotalEnergies SE directly or
indirectly owns investments are separate legal entities. TotalEnergies SE has
no liability for their acts or omissions. In this document, the terms
“TotalEnergies”, “TotalEnergies “Company” and “Company” are
sometimes used for convenience. Likewise, the words “we”, “us” and
“our” may also be used to refer to subsidiaries in general or to those who
work for them. This document may contain forward-looking information and
statements that are based on a number of economic data and assumptions made in
a given economic, competitive and regulatory environment. They may prove to be
inaccurate in the future and are subject to a number of risk factors. Neither
TotalEnergies SE nor any of its subsidiaries assumes any obligation to update
publicly any forward-looking information or statement, objectives or trends
contained in this document whether as a result of new information, future
events or otherwise.



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