Russia’s Novatek and France’s Total have made “great progress” in talks on the proposed Arctic LNG 2 project, Novatek Chief Executive Leonid Mikhelson told Bloomberg in an interview.
French President Emmanuel Macron will visit St. Petersburg next week, which Mikhelson said would provide the opportunity to “reach certain agreements”.
“Regardless of what stake is bought, Total will be able to increase it at a later time,” he added.
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