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TotalEnergies involved in jet fuel supply to Russian military, says Le Monde

PARIS (Reuters) - TotalEnergies is involved in supplying gas condensate to make jet fuel that may have been used by Russia's military in Ukraine, via the French firm's stake in a...
TotalEnergies involved in jet fuel supply to Russian military, says Le Monde © Reuters. FILE PHOTO: A sign with the logo of French oil and gas company TotalEnergies is pictured at a petrol station in Nantes, France, June 30, 2022. REUTERS/Stephane Mahe

PARIS (Reuters) - TotalEnergies is involved in supplying gas condensate to make jet fuel that may have been used by Russia's military in Ukraine, via the French firm's stake in a venture with Russia's Novatek, Le Monde newspaper reported on Wednesday.

The report, based on energy market data and compiled with help from activist group Global Witness, said the fuel was produced from gas condensate supplied by Terneftegaz, in which Totalenergies holds 49%.

TotalEnergies said it did not operate any Russian infrastructure that would have supplied the Russian military but acknowledged its holding in Terneftegaz and said all the gas condensate produced by the company was supplied to Novatek.

"Le Monde was able to trace the supply chain from the Termokarstovoye gas field in Siberia to two military air bases (Morozovskaya and Malchevo), each of which houses a squadron of multirole fighter aircraft," the newspaper reported.

Non-governmental organisations have said those two bases have been used to strike targets in Ukraine.

TotalEnergies has faced criticism in the West for not following other Western energy majors in pledging to divest its Russian assets.

"The gas condensates produced by Terneftegaz are sold in full to Novatek," the French company said in its statement, adding: "TotalEnergies reaffirms its strongest condemnation of Russia's military aggression against Ukraine."

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01-05-2024 10:45:17 (UTC+7)

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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SJC Eximbank8,300/ 8,500
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Cập nhật 01-05-2024 10:45:19
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Cập nhật lúc 10:45:15 01/05/2024
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