April 18, 2019 / 2:29 PM / 2 months ago

France's Total to invest 10 pct in Northern Sea Route hubs in Russia

MOSCOW, April 18 (Reuters) - France’s Total plans to invest in 10 percent of two transport hubs in Murmansk and Kamchatka that Russian gas producer Novatak wants to build to ship liquefied natural gas, the head of Total said on Thursday.

The CEO, Patrick Pouyanne, made the comments before a group of French businessmen met Russian President Vladimir Putin in the Kremlin.

Putin last week invited foreign investors to take part in the construction of port infrastructure in Murmansk and on Kamchatka peninsula. (Reporting by Olesya Astakhova; Writing by Tom Balmforth; editing by Alexandra Hudson)

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