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PARIS, April 27 (Reuters) – TotalEnergies (TTEF.PA) said on Wednesday it had recorded a initially-quarter impairment of about $4.1 billion partly connected to Arctic LNG 2, a liquefied organic gas growth job in the Russian Arctic that has been strike by sanctions from Russia.
The Arctic LNG 2 facility, situated on the Gydan peninsula, was predicted to start off functions in 2023. Having said that, the ideas have been under threat next sanctions by Western powers in opposition to Russia in reaction to its Feb. 24 invasion of Ukraine.
“TotalEnergies has drawn upon the penalties of what has happened. This provision of around $4 billion shows that TotalEnergies is starting to change the