Novatek inks hydrogen, ammonia deals with Japan

Russian LNG producer Novatek is teaming up with the Japan Bank for International Cooperation and the Ministry of Economy, Trade and Industry of Japan on hydrogen and ammonia projects.

The firm said in a statement on Thursday it has signed a strategic cooperation agreement with JBIC on low-carbon projects.

Under the deal, the duo plans to cooperate on projects to produce hydrogen and ammonia, carbon capture, utilization, and storage technologies, as well as renewable energy projects in Russia, including ammonia and hydrogen production projects in the Yamal Peninsula.

“We are actively studying options to further reduce our current low carbon footprint from Novatek’s LNG production by using renewable energy sources, carbon capture and storage and hydrogen-based fuels at our LNG projects,” Novatek’s chief Leonid Mikhelson, said.

He said this agreement provides opportunities for Novatek to work with Japanese companies and financial institutions on developing the firm’s low-carbon solutions, attracting investments and expanding the range of suppliers of equipment and technologies.

“Moreover, it facilitates opportunities for us to market our clean fuel products to a wider range of consumers from Japan to reduce the total carbon emissions,” Mihhelson said.

METI deal

Novatek said in a separate statement it signed a memorandum of cooperation with METI on ammonia, hydrogen and carbon capture, utilization and storage.

The partners plan to support projects in producing and marketing of ammonia and hydrogen, as well as implementing technologies for carbon capture and storage in Russia and Japan.

In particular, the memorandum provides for the exchange of information and research in these areas, as well as implementing pilot projects and providing state support for developing policies in the field of decarbonization, standards and requirements for low-carbon products, Novatek said.

Most Popular

MOL gets OK for two LNG carrier designs with sails

Japan’s shipping giant MOL has secured approval from classification society Lloyd's Register (LR) for two liquefied natural gas (LNG) carrier designs equipped with four Wind Challenger sails.

NFE logs $557 million net loss, continues Puerto Rico supply deal talks

US LNG player New Fortress Energy reported a net loss of $557 million in the second quarter of 2025, while it continues to negotiate a long-term gas sale agreement with PREPA to provide gas island-wide in Puerto Rico.

Hanwha Ocean scores LNG carrier order

South Korea's Hanwha Ocean has secured a new contract to build one liquefied natural gas (LNG) carrier for about $252 million.

More News Like This

Russian LNG production down 4.2 percent in January-July

Russian liquefied natural gas (LNG) production dropped 4.2 percent in January-July this year compared to the same period in 2024, according to the Russian statistics agency Rosstat.

Japan’s LNG imports drop in July

Japan’s liquefied natural gas (LNG) imports dropped by 6.3 percent in July compared to the same month last year, according to provisional data released by the country’s Ministry of Finance.

Novatek reports lower H1 profit

Russian LNG producer Novatek reported a 34 percent drop in its net profit in the first half of this year.

Russian LNG production continues to decline

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