France’s TotalEnergies (TTEF.PA) cuts a lonely figure hanging onto its Russian investments during a mass exodus of western oil majors from the country after its invasion of Ukraine, even though no sanctions have forced such divestments. “For existing assets, the company says it will respect European sanctions whatever the consequences. But for the moment, there are no sanctions on energy,” said a source familiar with the thinking inside TotalEnergies. TotalEnergies has a future-oriented position in Russia, heavily weighted towards liquefied natural gas (LNG), with stakes in the yet-to-be built $21 billion Arctic LNG 2 project as well as in the producing Yamal LNG operation. With […]