NOVATEK and Uniper have signed a Term Sheet on long-term supply of up to 1.2 million tonnes of low-carbon ammonia per annum to primarily German market. The product price will be indexed to relevant European and global benchmarks. The Term Sheet details the terms of the supply by NOVATEK to Uniper of low-carbon ammonia to be produced at the Company’s planned Obskiy GCC (Gas Chemical Complex) project, which will include carbon capture and storage facilities, and delivered to Uniper’s planned ammonia import terminal in Wilhelmshaven, equipped with an ammonia cracker operating with renewable power.The imported low-carbon ammonia will be used as hydrogen carrier, transformed into gaseous hydrogen and fed into the future German hydrogen pipeline system, as well as supplied directly as a clean feedstock and as a fuel. Signing of the Term Sheet progresses large-scale cooperation based on the MOU signed earlier by the Parties in January 2021.
NOVATEK and Uniper have signed a Term Sheet on long-term supply of up to 1.2 million tonnes of low-carbon ammonia per annum to primarily German market. The product price will be indexed to relevant European and global benchmarks. The Term Sheet details the terms of the supply by NOVATEK to Uniper of low-carbon ammonia to be produced at the Company’s planned Obskiy GCC (Gas Chemical Complex) project, which will include carbon capture and storage facilities, and delivered to Uniper’s planned ammonia import terminal in Wilhelmshaven, equipped with an ammonia cracker operating with renewable power.The imported low-carbon ammonia will be used as hydrogen carrier, transformed into gaseous hydrogen and fed into the future German hydrogen pipeline system, as well as supplied directly as a clean feedstock and as a fuel. Signing of the Term Sheet progresses large-scale cooperation based on the MOU signed earlier by the Parties in January 2021.
