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.

Most Popular

Yang Ming books LNG-powered containerships in South Korea

Taiwan’s Yang Ming Marine Transport has decided to order LNG dual-fuel container vessels from South Korea's Hanwha Ocean as part of its ongoing fleet optimization plan.

Sabah to take stake in Petronas’ third FLNG

SMJ Energy, owned by the Sabah government, has signed a heads of agreement with Malaysian energy giant Petronas to take a 25 percent stake in the latter's third floating LNG production unit.

Japan’s LNG imports drop in June

Japan’s liquefied natural gas (LNG) imports dropped by 2.8 percent in June compared to the same month last year, according to provisional data released by the country’s Ministry of Finance.

More News Like This

Novatek’s gas sales climb in Q2

Russian LNG exporter Novatek reported a rise in its natural gas sales, including LNG, in the second quarter of this year.

Construction moving forward on German LNG terminal

Dutch gas grid operator Gasunie and German energy firm RWE are moving forward with the construction of the German government-backed onshore LNG import terminal in Brunsbüttel.

Russian LNG production drops in May

Russian liquefied natural gas (LNG) production continued to decrease in May compared to last year, according to the Russian statistics agency Rosstat.

Russia’s Novatek in LNG truck move

Russian LNG producer Novatek and compatriot National Carrier (NATCAR) are joining fores to develop the market for LNG as fuel for trucks.