Sanctions against NOVATEK forced Total to record an impairment loss of $3.5 billion

TotalEnergies recorded a new impairment loss of $3.5 billion in its financial statements, mainly due to the potential impact of international sanctions on the value of its stake in NOVATEK.

This is stated in the report of the French company.

TotalEnergies owns about 19% of NOVATEK’s shares.

In April, TotalEnergies reported a $4.1 billion asset impairment in its Q1 2022 report, primarily from the Arctic LNG 2 project .

Dodaj komentarz

Twój adres e-mail nie zostanie opublikowany.