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Russia’s Timchenko plans to meet Total leadership in Moscow by end of November

The businessman doesn't leave Russia because of sanctions so he hopes to meet the new leadership of the French energy concern in Russia

Gennady Timchenko ITAR-TASS/Vyacheslav Prokofyev

Gennady Timchenko

© ITAR-TASS/Vyacheslav Prokofyev

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MOSCOW, November 7. /TASS/. Stockholder of second largest Russian gas producer NOVATEK Gennady Timchenko told reporters he plans to meet new leadership of France’s energy giant Total in Moscow by the end of November.

NOVATEK board chairman Leonid Mikhelson is already on a visit in Paris meeting with new Total leadership on Friday, Timchenko said.

“Taking into account what has happened to our friend and partner (Total CEO Christophe de Margerie died in the air crash) stockholders should get acquainted with the new Total CEO now and understand which policy they have and how they will cooperate with us in the future,” Timchenko said.

He added that according to his information the French concern “plans to continue its current projects in Russia and this strategy will not change.” However, Timchenko would like to have this information confirmed in a personal meeting.

The businessman noted with a smile, “I do not go anywhere now (over sanctions),” that is why he said he hoped to have a meeting with the leadership of the French energy concern in Russia. “He (the Total CEO) plans to visit Russia, because Total had made quite large investment in Russia that amounted to around 20% in its portfolio,” Timchenko added.

NOVATEK and Total are co-operating, particularly in the Yamal LNG project.

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