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.

- Advertisements -

Most Popular

QatarEnergy, ExxonMobil expect first LNG from Golden Pass plant in H1 2025

Energy giants QatarEnergy and ExxonMobil are expecting to start LNG production at their Golden Pass LNG export terminal on...

VTTI and Hoegh LNG join forces on Dutch FSRU terminal

Rotterdam-based storage terminal owner VTTI, co-owned by Vitol, IFM, and Adnoc, is joining forces with FSRU player Hoegh LNG...

Charif Souki steps down as chairman of Tellurian

US LNG firm Tellurian, the developer of the Driftwood LNG export project in Louisiana, said on Friday that its...

More News Like This

Novatek forms Murmansk LNG unit

Russian LNG producer Novatek has formed a new unit to develop its planned Murmansk liquefied natural gas export project. According...

Russia’s Novatek reaches Vysotsk LNG production milestone

Russian LNG exporter Novatek has reached a new production milestone at its medium-scale LNG plant in Russia’s Baltic Sea...

Novatek, Rosseti ink Murmansk LNG power supply pact

Russian LNG exporter Novatek is moving forward with its plans to develop the Murmansk LNG project and has signed...

Zvezda: naming ceremony held for Arctic LNG 2 carrier

Russian Zvezda yard has hosted a naming ceremony for the first of fifteen ice-class Arc7 carriers which will serve...