PAO NOVATEK and Siemens Energy have signed a Strategic Partnership and Co-operation Agreement. 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 the parties’ goals to reduce their carbon foot-print and increase environmental efficiency.
As part of the Agreement, the Parties will commence implementing a project to replace fuel natural gas used in the production of electricity and LNG with carbon-neutral hydrogen.
“We have a long and successful track record of mutual co-operation 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 para-mount importance to reduce our carbon footprint in the Arctic ecosystem.”
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/11122020/novatek-and-siemens-energy-sign-agreement/