Total CEO de Margerie Killed In Moscow As Jet Hits Snow Plough

De Margerie was a staunch defender of Russia and its energy policies, as the conflict in Ukraine has raised tensions with the West to levels not seen since the Cold War, and triggered economic sanctions against Moscow.

Total is one of the biggest foreign investors in Russia, where its output is due to double by 2020.

De Margerie told Reuters in July that Europe should stop thinking about cutting its dependence on Russian gas and focus instead on making those deliveries safer.

He said tensions between the West and Russia were pushing Moscow closer to China, as illustrated by a $400 billion deal to supply Beijing with gas that was clinched in May.

"Are we going to build a new Berlin Wall?" he said. "Russia is a partner and we shouldn't waste time protecting ourselves from a neighbour ... What we are looking to do is not to be too dependent on any country, no matter which. Not from Russia, which has saved us on numerous occasions."

Russian President Vladimir Putin sent condolences, praising de Margerie's commitment to Russian-French relations.

Total said last month that sanctions would not stop it working on the Yamal project, a $27 billion joint venture to tap vast natural gas reserves in northwest Siberia that aims to double Russia's stake in the fast-growing market for liquefied natural gas. De Margerie said then that Europe could not live without Russian gas, and that there was no reason to do so.

Russia accounted for about 9 percent of Total's oil and gas output in 2013. The firm said in April that Russia would become its biggest source of oil and gas by 2020 due to Yamal, and its partnership with the Russian energy company Novatek.

De Margerie also worked to ensure that Total would be in pole position to return to Iran if Western economic sanctions there were lifted.


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Agam Chibuzor  |  October 24, 2014
Its so sad to hear this. May his gentle soul rest in peace.
RLB  |  October 22, 2014
So sad. God bless him.
Olu Olusanya  |  October 21, 2014
God bless his soul.
Rudolf Huber  |  October 20, 2014
What a shame.


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