Novatek and RWE to work on LNG supply, decarbonization

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.

- Advertisements -

Most Popular

Hyundai Samho to build LNG carrier quartet for $1.08 billion

South Korea's Hyundai Samho has secured an order to build four liquefied natural gas (LNG) carriers for about $1.08...

Tellurian reports $166.2 million net loss in 2023

US LNG firm Tellurian reported a net loss of $166.2 million in 2023, as it continues to work on...

QatarEnergy to further boost LNG output

State-owned LNG giant QatarEnergy said on Sunday it will further boost its liquefied natural gas production from the North...

More News Like This

Novatek reports profit of about $5.1 billion in 2023

Russian LNG producer Novatek reported a net profit of about 463 billion rubles ($5.09 billion) in 2023. The company...

TotalEnergies issues force majeure over Novatek’s Arctic LNG 2 project

French energy giant TotalEnergies has initiated a force majeure process on the Novatek-operated Arctic LNG 2 project in Russia...

Novatek’s gas sales rose 2.7 percent in 2023

Russian LNG exporter Novatek reported a 2.7 percent rise in its natural gas sales, including LNG, in 2023. Novatek said...

Novatek develops ammonia production tech

Russian LNG exporter Novatek was granted Russian patents for a large-scale ammonia process and a large-scale pure hydrogen process...