TotalEnergies sells stake in war-linked Russian gas field

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French energy firm TotalEnergies said Friday it was divesting its stake in a Russian gas field that was reported this week to be providing the fuel that ends up in Russian fighter jets.

The company said that it had signed a deal on Friday with its local Russian partner Novatek to sell its 49 per cent in the Termokarstovoye gas field “on economic terms enabling TotalEnergies to recover the outstanding amounts invested in the field.”

That was the day after an article appeared in French daily Le Monde reporting the alleged refining of natural gas condensates from Termokarstovoye into jet fuel for fighter-bombers involved in Russia’s assault on Ukraine since February. On Friday, it said Novatek had denied that its condensates were being refined into Russian military jet fuel.

 

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