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Related Party Transactions
12 Months Ended
Dec. 31, 2020
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS RELATED PARTY TRANSACTIONS
Receivables, payables, revenues and expenses which are included in our consolidated financial statements for all transactions with related parties, defined as entities related to our directors and main shareholders as well as the partners of our consolidated joint ventures, were as follows.
Trade receivables consisted of receivables due from following related parties:
December 31,
(In millions)20202019
TP JGC Coral France SNC$38.1 $40.1 
Equinor ASA24.1 — 
TTSJV W.L.L.14.9 22.4 
Novarctic SNC9.7 — 
Dofcon Navegacao4.2 — 
Techdof Brasil AS8.0 4.3 
Storengy6.1 3.1 
Others8.4 6.9 
Total trade receivables$113.5 $76.8 
TP JGC Coral France SNC, TTSJV W.L.L., Dofcon Navegacao, and Novarctic SNC are equity method affiliates. Techdof Brasil AS is a wholly owned subsidiary of Dofcon Brasil AS, our equity method affiliate. A member of our Board of Directors serves on the Board of Directors for Storengy. In October 2020, we added a new member of our Board of Directors who is an executive of Equinor ASA.
Trade payables consisted of payables due to following related parties:
December 31,
(In millions)20202019
Chiyoda$14.2 $24.8 
Nipigas14.2 — 
Saipem23.7 — 
JGC Corporation1.9 15.1 
IFP Energies nouvelles— 2.4 
Dofcon Navegacao1.5 2.1 
Others5.7 6.7 
Total trade payables$61.2 $51.1 
Chiyoda and JGC Corporation are joint venture partners on our Yamal project. Saipem and Nipigas are joint venture partners on our Arctic LNG project. A member of our Board of Directors serves as an executive officer of IFP Energies nouvelles until June 2020.
Additionally, we have note receivable balance of $40.3 million and $65.2 million as of December 31, 2020 and 2019, respectively. The note receivable balance includes $37.6 million and $62.5 million with Dofcon Brasil AS as of December 31, 2020 and 2019, respectively. Dofcon Brasil AS is a VIE and accounted for as an equity method affiliate. These are included in other assets in our consolidated balance sheets.
Revenue consisted of amount from following related parties:
Year Ended December 31,
(In millions)202020192018
TTSJV W.L.L.$47.2 $127.9 $— 
TP JGC Coral France SNC44.2 110.4 118.2 
Equinor ASA81.1 — — 
Equinor Brasil38.5 — — 
Anadarko Petroleum Company— 67.1 124.8 
TOP CV— 11.9 7.2 
Storengy10.7 8.8 — 
Novarctic SNC10.7 0.4 — 
Dofcon Navegacao3.4 8.4 2.9 
Techdof Brasil AS11.2 8.3 7.0 
JGC Corporation— 6.7 — 
Others27.2 29.7 33.2 
Total revenue$274.2 $379.6 $293.3 
A member of our Board of Directors (the “Director”) served on the Board of Directors of Anadarko Petroleum Company (“Anadarko”) until August 2019. In August 2019, Anadarko was acquired by Occidental Petroleum Corporation (“Occidental”). As a result, the Director no longer serves as a member of the Board of Directors of Anadarko. The Director is not an officer or director of Occidental.
TOP CV was previously an equity method affiliate that became a fully consolidated subsidiary on December 30, 2019. See Note 2 for further details.
Equinor Brasil is a subsidiary of Equinor ASA in Brazil.
Expenses consisted of amounts to following related parties:
Year Ended December 31,
(In millions)202020192018
Chiyoda$1.4 $25.1 $53.0 
JGC Corporation0.4 20.8 81.2 
Arkema S.A.5.3 18.9 2.6 
Serimax Holdings SAS0.4 17.7 0.1 
Saipem26.8 — — 
Nipigas36.8 — — 
Magma Global Limited14.0 7.3 3.0 
TP JGC Coral France SNC— 5.0 — 
Jumbo Shipping16.0 4.5 — 
Dofcon Navegacao24.0 1.8 — 
Others24.6 41.3 14.8 
Total expenses$149.7 $142.4 $154.7 
Serimax Holdings SAS and Magma Global Limited are equity method affiliates.