OPINION: If Saudi Aramco takes over French supermajor TotalEnergies’ stake in the Arctic LNG 2 project, as Upstream reported it might, it would be a major relief for the Russian government and a boost for its aims to expand its liquefied natural gas exports.

Talks about a deal between Aramco and Russia’s Novatek — the Arctic LNG 2 consortium leader — may be moving closer to fruition following a signal from TotalEnergies that it wants out of the $21.3