Novatek, Rosatom ink decarbonization deal

Russian LNG producer Novatek and compatriot state nuclear energy firm Rosatom have signed a memorandum of understanding to cooperate in decarbonization.

Under the deal, Novatek’s units and in particular, the Ust-Luga gas condensate fractionation and transshipment complex, would purchase electricity generated at Rosatom’s wind farms, according to a Novatek statement issued on Wednesday.

Purchasing the “green energy” would help Novatek to reduce the carbon footprint of its products in accordance with international standards, it said.

Moreover, the two firms intend to cooperate in the development of wind power generation in harsh conditions of the Arctic.

According to the memorandum, the parties would also explore opportunities of implementation of Rosatom’s engineering solutions in the production of LNG, low-carbon hydrogen and ammonia, as well as power generation and storage, Novatek said.

Novatek’s chairman Leonid Mihhelson said in the statemant that the copamny pays “particular attention to reducing the carbon footprint of our products”.

“Novatek and Rosatom share a long-standing and successful cooperation in creating new high-tech types of equipment for the LNG industry,” he said.

“Our experience of joint work lays the foundation for further development of cooperation in decarbonization, including the implementation of prospective projects in green energy and low-carbon products,” Mikhelson added.

Most Popular

Santos inks LNG supply deal with QatarEnergy’s trading unit

Australian LNG player Santos has signed a mid-term LNG supply deal with QatarEnergy Trading, a unit of state-owned LNG giant QatarEnergy.

Shell’s LNG Canada to ship second cargo

Shell-led LNG Canada is expected to soon ship the second cargo of liquefied natural gas from the Kitimat facility on the west coast of Canada, according to shipping data.

Argentina’s Enarsa to spend $567 million on LNG purchases

Argentina's state-owned LNG importer, Energia Argentina (Enarsa), will spend $570 million to purchase 22 liquefied natural gas (LNG) cargoes from BP and TotalEnergies this year.

More News Like This

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.

Russian LNG production drops in April

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

Russian LNG production down in Q1

Russian liquefied natural gas (LNG) production decreased in the first quarter of this year, according to the Russian statistics agency Rosstat.