French oil and gas giant TotalEnergies announced on Friday that it has completed the sale of its stake in a Russian company producing jet fuel.
The comment follows the publication on Thursday of an article by the French newspaper The World reporting that the “French oil and gas giant and its local partner Novatek manage a gas field whose product, once transformed into kerosene, is used to fuel Russian fighter planes engaged in the war in Ukraine. Terneftegaz, the company operating the field, is 49% owned by TotalEnergies and 51% by Novatek.
In response to the Le Monde report, TotalEnergies released a statement on Friday saying that while Terneftegaz produces jet fuel at its Purovsky plant in Western Siberia, it does not have certification to be sold in Russia.
“All of the stable condensate produced at the Purovsky plant from raw materials from NOVATEK subsidiaries and affiliates, including Terneftegas, is delivered to the Ust-Luga processing complex in the Leningrad region. The range of products derived during processing at the Ust-Luga complex includes jet fuel (Jet A-1) which is exclusively exported outside of Russia, and it does not even have the certification to be sold inside the country”, said TotalEnergies.
The company said media reports and calls to investigate its activities and the activities of its joint ventures had “absolutely no basis in fact”.
The company then concluded that “no, TotalEnergies does not produce jet fuel for the Russian military”.
Following this statement, TotalEnergies also said it had sold “its 49% stake in Russia’s Termokarstovoye gas field to Novatek” and that it “continues to implement its principles of conduct”.
Meanwhile, Ukrainian Foreign Minister Dmytro Kuleba on Friday called on TotalEnergies to pull out of Russia.
kuleba said by Twitter that his country is “grateful to (French President) @EmmanuelMacron and the French people for their support for Ukraine”, but “in this context, it is a shame for France when French companies assist in the murder of Ukrainians and the ruin of our cities @TotalEnergies, get out of Russia!
Earlier this year, TotalEnergies also said it would stop buying Russian oil and petroleum products by the end of 2022 at the latest.
The company, however, said it would continue to buy natural gas from Russia.
“Unlike oil supplies, it appears that Europe’s gas logistics capabilities make it difficult to do without Russian gas in the next two to three years without affecting the continent’s energy supply,” TotalEnergies said in a statement. communicated.
The company said it would mobilize petroleum products from other places, especially diesel produced by the SATORP refinery in Saudi Arabia.
TotalEnergies’ contracts for Russian oil accounted for 12% of Russian diesel exports to the European Union in 2021, the statement said.
The company reiterated that it does not operate any oil or gas fields or liquefied natural gas plants in Russia and is moving towards a gradual suspension of its activities in Russia, according to the statement.