Russia’s largest independent natural gas producer NOVATEK has signed a strategic partnership and cooperation agreement with Siemens Energy.
According to the agreement, the parties intend to jointly develop and implement high-tech solutions to produce LNG, electricity, hydrogen and other products to maintain sustainable development initiatives and achieve both companies’ goals to reduce their carbon footprint and increase environmental efficiency.
In particular, they intend to collaborate on projects to increase energy efficiency and the application of digital technologies, the use of hydrogen and other carbon-neutral fuels for energy generation, the production of green and blue hydrogen, as well as in solutions for carbon capture, utilisation and storage.
“We have a long and successful track record of mutual cooperation with Siemens Energy who is a key equipment supplier for both our Yamal LNG and Arctic LNG 2 projects,” noted Leonid Mikhelson, NOVATEK’s Chairman of the Management Board. “Our strategy to expand LNG production in the Arctic region is based on utilising state-of-the-art technological solutions that meet and/or exceed stringent environmental requirements. Our further collaboration with Siemens Energy to decarbonise our LNG production will contribute significantly to the mitigation of climate change, which is of paramount importance to reduce our carbon footprint in the Arctic ecosystem.”
As part of the agreement, NOVATEK and Siemens Energy will commence implementing a project to replace fuel natural gas used in the production of electricity and LNG with carbon-neutral hydrogen.
“With our extensive portfolio, from fossil fuels to renewables, we are uniquely positioned to support the LNG sector drive toward a more sustainable future,” added Christian Bruch, CEO Siemens Energy. “The oil and gas industry faces the challenge of reducing its carbon footprint and meet the world’s growing demand for power in the most environmentally responsible manner. We are pleased by the trust of Novatek to address those challenges in close collaboration.”