AsiaContracts and TendersEurope

Novatek and RWE to work on LNG supply, decarbonization

By LNG Prime Staff
Novatek and RWE to work on LNG supply, decarbonization
Yamal LNG tanks (Image: Novatek)

Russian independent LNG producer Novatek and a unit of German energy firm RWE have signed a memorandum of understanding to cooperate in the field of LNG supply and decarbonization.

Under the deal, Novatek would supply to RWE Supply & Trading low-carbon ammonia but also hydrogen from the company’s planned Obskiy gas chemical complex, according to a Novatek statement.

The fuel would land in German and European markets.

In addition, the two firms also intend to deepen their cooperation in LNG supply, including carbon-neutral LNG.

Novatek would supply LNG to RWE by means of expanding existing spot supplies. This also includes possible long-term supplies of LNG from the Arctic LNG 2 project and other Novatek’s projects, the firm said.

“Natural gas including LNG is already replacing other types of fuels with higher carbon footprint, and we are working on decreasing the already low carbon footprint of LNG produced by our projects in the Russian Arctic,” Lev Feodosyev, Novatek’s first deputy chairman of the management board, said.

“Now we are undertaking the pre-FEED study for the blue ammonia and hydrogen plant with CCS facilities nearby our LNG cluster in Yamal for the delivery to final customers of low-carbon products in Europe and Asia,” he said.

Most Popular

Corporate

Daniel Kalms leaves Woodside

Woodside's executive vice president and chief operating officer international, Daniel Kalms, is leaving the Australian LNG player.
Contracts and Tenders

Lithuania’s Ignitis to sign long-term LNG supply deal with EQT

Lithuanian state-controlled energy company Ignitis will sign a long-term LNG supply and purchase agreement with a unit of US natural gas producer EQT following the completion of a tender.
Vessels

MOL names first LNG carrier equipped with sails

Japan's MOL has named what it says is the world’s first LNG carrier equipped with a wind-assisted propulsion system.

More News Like This

Vessels

Arctic LNG 2 seeks $1 billion from Hanwha Ocean over terminated LNG carrier orders

Novatek-led Arctic LNG 2 is seeking approximately $1 billion in damages from South Korean shipbuilder Hanwha Ocean over terminated shipbuilding contracts for Arc7 ice-class LNG tankers.
Vessels

Zvezda nears delivery of third Russian-built ice-class LNG carrier

Russian Zvezda yard is nearing the delivery of the second Russian-built ice-class liquefied natural gas (LNG) carrier.
LNG Terminals

Russian LNG production up 12 percent in January-July

Russian liquefied natural gas (LNG) production rose 12 percent in January-July this year, according to the Russian statistics agency Rosstat.
Contracts and Tenders

TotalEnergies wraps up transfer of Arctic LNG 2 stake to Novatek

French energy giant TotalEnergies has completed the transfer of a 10 percent stake in the Arctic LNG 2 project to a unit of Russian LNG exporter Novatek.