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TotalEnergies Takes $3.7B Write-Down on Novatek

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Published:
Fri, Dec 9, 2022
Author
Tom Daly, London
Editor
Noah Brenner
ss1539593492-companies-novatek-logo-building

TotalEnergies said on Friday it would write down $3.7 billion on its 19.4% stake in Novatek after deciding to no longer recognize its shareholding in the Russian gas independent on its books.

Topics:
Corporate Strategy , LNG Projects, Sanctions, Military Conflict, Ukraine Crisis, Earnings
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