French energy concern Total (TOT) plans to kick in $800M to increase its stake in Russian indie...

|By:, SA News Editor

French energy concern Total (TOT) plans to kick in $800M to increase its stake in Russian indie gas producer Novatek. The move is part of a sweeping plan by Total to increase its interest in Novatek to 19.4% within 3 years and tap into the world's largest gas reserves. Shares of TOT +1.5% premarket.