Russia’s Novatek is finalizing the pre-FEED stage for CO2 capture and storage infrastructure in Yamal as it looks to slash the carbon footprint of its LNG and other projects, according to the company’s chief, Leonid Mikhelson.
Mikhelson said in a statement on Thursday the development would allow reducing the carbon footprint of the company’s existing and prospective projects, including LNG plants and gas chemical production facilities.
Novatek has just completed the first of three international certification stages for the long-term CO2 underground storage sites in the Yamal and Gydan Peninsulas.
Following the completion of the first certification stage, classification society DNV issued certification of conformity to Novatek for further study of the sites and subsequent certification stages.
Pursuant to the issued certificates, the geological formations within the Obskiy (Yamal) and Tadebyayakhinskiy (Gydan) license areas have the capacity to store at least 600 million tons of CO2 each, Novatek said.
“Having certified CO2 geological storage sites is an important element of the company’s strategy to decarbonize production clusters for LNG and low-carbon gas chemicals,” Mikhelson said.
“The large potential of the certified CO2 storage sites allows both capturing and storing CO2 generated at our own production facilities, and offering CO2 underground storage services to third parties,” he said.