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NOVATEK signed an agreement with German Uniper to develop a hydrogen business

The MOU includes hydrogen supplies to Uniper’s power stations in Russia and Western Europe.

NOVATEK signed an agreement with German Uniper to develop a hydrogen business

Moscow, January 29 - Neftegaz.RU. The leading Russian private LNG player NOVATEK signed today a Memorandum of Understanding with German Uniper on exploring the development of a hydrogen supply chain.

Hydrogen is seen as one of the emerging fuels possibly compatible with LNG in operational aspects.
Across the globe, producers are seeking out the least-possible disruptive path to switch their businesses into a greener future.

Leonid Mikhelson, NOVATEK’s CEO said:
  • 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
  • Although in its infancy, the development of commercially scalable production of low carbon hydrogen, together with our joint cooperation with Uniper, will allow us to create a solid foundation for building effective long-term relationships in the field of low carbon energy
Uniper CEO Andreas Schierenbeck said in conversation with Siemens he wants his company to make the step from coal to hydrogen economy in order to become carbon neutral in just 15 years’ time.

A. Schierenbeck noted:
  • Natural gas, imported via pipelines or LNG terminals, will continue to play a role in the next 20 or 30 years. But if you want to decarbonize even further, you have to use hydrogen
  • Germany imports 70 % of its primary energy consumption from abroad. I don't think we have enough solar and wind energy in Germany to entirely replace this share
  • We will have to import hydrogen. We are uniquely well positioned at Uniper, because we have been trading gas and transporting it via LNG and pipelines for decades
  • We are the market leader when it comes to gas storage – and under certain conditions hydrogen can be stored in the same facilities
According to the agreement, Novatek and Uniper 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.

To read the news in Russian.

Source : Neftegaz.RU


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