22 March 2022
https://en.m.wikipedia.org/wiki/Sabetta
15% of the world's natural gas and 80% of Russia's are found here.
This is the Yamal LNG project, opened by Putin on 8 Dec 2017. It is an LNG plant, a port, a railway, an airport, and residential. It's a JV between Novatek, which Total owns 20%, China's CNPC another 20% so they wont be best pleased either, and the Russian govt.
There is also Artic-2, opened in 2018 with Macron attending.
TotalEnergies is the fourth largest company in the CAC40. This project is a huge part of their accounts. If they pull out, their share of this plant would be nationalised, it would fall into competitors' hands; and there'd be more troubles in the already highly-stressed energy market. Maybe this would bankrupt Total and you can guess the rest.
France's Macron talks regularily with Putin, enduring lengthy lectures on European history.
Isn't all this stupidity part of a wider plot to seize Russia and its commodities and extend the life of the debt-soaked American Order?
The reasons given are that European liberty is under attack and a sovereign nation has been invaded. Although Patrick Pouyanné, CEO, met Macron earlier this month and received encouragement not to quit Russia.
Engie, Renault, Safran, Leroy Merlin (Auchan), Bonduelle, Danone...they refuse to leave. The Fr unions support this. These companies are responsible for hundreds of thousands of jobs in Russia - what would happen to these workers and their families and the wider Russian society?
And how will Humpty be put back together after all this nonsense? Nationalising Western assets would be a pretext for war with Russia - that's the way wars work: you seize the land and assets of a competitor.
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