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    Novatek signs clean tech deals with Japan

Summary

The deals cover hydrogen, ammonia, carbon capture utilisation and storage and renewable energy.

by: Joseph Murphy

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Complimentary, NGW News Alert, Natural Gas & LNG News, Europe, Liquefied Natural Gas (LNG), Energy Transition, Hydrogen, Carbon, Renewables, Corporate, Contracts and tenders, News By Country, Russia

Novatek signs clean tech deals with Japan

Novatek has signed preliminary deals with Japan's economy ministry and the Japan Bank for International Cooperation (JBIC) on developing low-carbon projects, the Russian LNG exporter said on September 2.

The memorandum of cooperation with the ministry covers the development of hydrogen, ammonia and carbon capture utilisation and storage, while the cooperation agreement with JBIC covers these areas and renewable energy projects in Russia.

"One of the most important elements of our strategy is to reduce our carbon footprint, which allows us to increase the competitiveness and market attractiveness of the company's products in the context of the energy transition," Novatek CEO Leonid Mikhelson commented.

Novatek CFO Mark Gyetvay shed light on Novatek's decarbonisation initiatives in a recent interview with NGW.