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NOVATEK and Uniper sign MoU to develop a hydrogen value chain

Largest independent natural gas producer in Russia NOVATEK signed a Memorandum of Understanding (MoU) with German energy group Uniper to investigate and assess the possibilities of developing a hydrogen value chain.

According to the MOU, the Parties will develop an integrated hydrogen production, transportation and supply chain, including hydrogen supplies to Uniper’s power stations in Russia and Western Europe. The MOU considers producing blue hydrogen from natural gas combined with carbon capture and storage as well as producing green hydrogen from renewable energy sources.

“Hydrogen as a clean-burning energy source has broad applications to mitigate climate change and is a promising area for NOVATEK to develop as part of our long-term strategy,” noted Leonid Mikhelson, NOVATEK’s Chairman of the Management Board. “Although in its infancy, the development of commercially scalable production of low carbon hydrogen, together with our joint cooperation with Uniper, one of the leading international energy companies, will allow us to create a solid foundation for building effective long-term relationships in the field of low carbon energy”.

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