Red Tape Complicates Total’s Arctic LNG-2 Deal

摘要

Red tape could create unexpected difficulties for France’s Total plans to finalize its $2.55 billion purchase of a 10% stake in Novatek’s Arctic LNG-2 project by the end of March.The Federal Antimonopoly Service(FAS)confirmed to Energy Intelligence on Monday that the deal needs an approval from the government commission on foreign investments,which could slow down the purchase process(IOD May25’18).