Our main motivation on Russia is to bring LNG over to Europe says TotalEnergies CEO

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    Pouyanne

    TotalEnergies Chairman and CEO Patrick Pouyanne said on Wednesday that the main motivation for TotalEnergies regarding Russia, where the French company has kept its assets despite Western sanctions, is to bring liquefied natural gas, LNG, over to Europe.

    TotalEnergies Chairman and CEO Patrick Pouyanne told a French parliamentary hearing, as he defended the company’s presence in Russia in spite of sanctions over its invasion of Ukraine, adding that “Our sole motivation is to bring over LNG to Europe”.

    TotalEnergies has held on to investments in Russia, including minority stakes in gas producer Novatek and the Yamal LNG and Arctic LNG 2 projects unlike the London-based rivals BP and Shell.

     

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