French energy giant TotalEnergies has initiated a force majeure process on the Novatek-operated Arctic LNG 2 project in Russia due to sanctions. In November 2023, the US government issued new Russia-related sanctions due to the war in Ukraine, including for the Arctic 2 LNG project. “We have initiated the force majeure process in accordance with … Continue reading TotalEnergies issues force majeure over Novatek’s Arctic LNG 2 project