TotalEnergies Partners with Novatek on LNG Decarbonization, Hydrogen and Renewables
TotalEnergies and Novatek have signed a Memorandum of Understanding (MoU) to jointly work on sustainable reductions of the CO₂ emission resulting from the production of liquefied natural gas (LNG) including with the use of renewable power, to develop large-scale carbon capture and storage solutions (CCS) and to explore new opportunities for developing decarbonized hydrogen and ammonia. This partnership will leverage the significant low-cost resources of the Yamal and Gydan peninsulas and their large potential for geological storage.
Each partner will bring its best-in-class technologies and combine its know-how to explore and develop projects that will help reduce the carbon footprint of the LNG value chain, using:
- carbon capture and storage (CCS),
- energy efficiency,
- renewable sources of power,
- marketing of carbon-neutral LNG,
- and clean hydrogen & ammonia.
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