TotalEnergies, Novatek to work on slashing LNG emissions

Russia’s Novatek and French partner TotalEnergies have agreed to work on reducing emissions from two Arctic LNG export projects as part of a deal revealed on Thursday.

Novatek and TotalEnergies are partners in both the Yamal LNG project and the Arctic LNG 2 development. The French firm also has a 19.4 percent stake in Novatek.

The duo signed a memorandum of understanding on Thursday which includes decarbonization but also hydrogen and renewables, Novatek said in a statement.

“The parties intend to cooperate on reducing greenhouse gas emission at joint projects by implementing carbon capture and storage technologies and utilizing renewable energy sources at joint LNG projects,” it said.

In addition, the memorandum considers the production and usage of hydrogen as a low-carbon fuel, as well as the marketing of carbon-neutral products including LNG, Novatek said.

Specifically, the duo will work on technical solutions to improve the efficiency of power generation for LNG production, including using waste heat utilization technologies.

The memorandum also includes developing and deploying technologies to convert gas turbine equipment to hydrogen fuel.

Furthermore, the duo also agreed to work on solutions for the construction of wind power generation facilities and other renewable energy sources to reduce the carbon footprint of LNG projects.

Novatek has also signed a share purchase deal with TotalEnergies under which the latter will take a stake in its two LNG transshipment complexes.

TotalEnergies purchased a 10 percent participation interest in Novatek’s unit Arctic Transshipment that will operate the complexes currently under construction in the Kamchatka and Murmansk regions.

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

Cameron LNG hits new milestone

Sempra Infrastructure, a unit of Sempra, and its partners have shipped the 1,000th cargo of liquefied natural gas from the Cameron LNG export plant in Louisiana since 2019.

TotalEnergies: average LNG price down in Q2

French energy giant TotalEnergies, one of the world’s largest LNG players, reported a year-on-year drop in its average price for equity liquefied natural gas sales in the second quarter of this year.

Argentina’s Enarsa receives five offers for latest LNG cargo tender

Argentina's state-owned LNG importer Energia Argentina (Enarsa) has received five offers for its fourth LNG cargo tender in 2025.

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.