Oil & Gas
NOVATEK & TotalEnergies Sign MOU on LNG Decarbonization & Hydrogen
As part of Saint-Petersburg International Economic Forum, PAO NOVATEK and a subsidiary of TotalEnergies SE signed a Memorandum of Understanding on
As part of Saint-Petersburg International Economic Forum, PAO NOVATEK and a subsidiary of TotalEnergies SE signed a Memorandum of Understanding on decarbonization, hydrogen and renewables. 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. In addition, the MOU considers the production and usage of hydrogen as a low-carbon fuel, as well as the marketing of carbon-neutral products including LNG.
Specifically, technical solutions will be considered to improve the efficiency of power generation for LNG production, including using waste heat utilization technologies. The MOU also envisages developing and deploying technologies to convert gas turbine equipment to hydrogen fuel. Furthermore, the Parties 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.