Total acquires 10% stake in Arctic LNG 2 project from Russia's Novatek

Total acquires 10% stake in Arctic LNG 2 project from Russia's Novatek

Workers fix a sign for oil giant Total at a petrol station in Cairo, Egypt, October 13, 2016. REUTERS/Amr Abdallah Dalsh

Total has agreed to buy a 10 percent stake in the Arctic LNG 2 project from Russia’s Novatek, as the French energy group looks to build up its presence in the area to service a fast-growing Asian market.

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