TotalEnergies SE on Friday denied speculation that it was involved in producing kerosene for the Russian army via its partnership with natural-gas producer Novatek.
The statement follows a previous denial and comes in response to speculation in French newspaper Le Monde earlier this week that TotalEnergies
TTE,
TTE,
may have had a hand in supplying Russia’s military with gas condensate for jet fuel as part of its partnership with Novatek.
The French energy company said such speculation had no basis in fact.
“The range of products derived during processing at the Ust-Luga Complex includes jet fuel that is exclusively exported outside Russia, and it does not even have the certification to be sold inside the country,” TotalEnergies said.
Write to Maitane Sardon at maitane.sardon@wsj.com
This post was originally published on Market Watch
