Novatek approved a new set of 2030 environmental targets in 2020. It aims to lower its methane emissions across production, processing and LNG by 4%, its air pollutants by 20% and its upstream greenhouse gas emissions by 6%
St.Petersburg, June 3 - Neftegaz.RU.
As part of today’s St.Petersburg International Economic Forum, NOVATEK and Finland's Fortum signed a Memorandum of Understanding on cooperation in renewable
The MOU envisages that NOVATEK, including the Cryogas-Vysotsk LNG project in particular, will purchase electricity
produced by Fortum’s renewable power facilities in Russia.
is a medium-tonnage LNG project located in the port of Vysotsk, Leningrad Region of Russia on the Baltic Sea.
The LNG is mainly exported to the countries of the Baltic Sea Region, including Finland, Sweden, Lithuania and Estonia.
Using green energy produced by wind farms owned by Fortum and its joint ventures at the company’s LNG
plant in Vysotsk will enable NOVATEK to offer its LNG customers a more sustainable
product with a reduced Scope 2 carbon footprint (purchased electricity).
, NOVATEK’s CEO said:
- Our LNG carbon intensity is already among the lowest globally and we are working on further reducing our emissions
Purchasing green, renewable energy to power our facility represents one of the most promising mitigation solutions
Our cooperation with Fortum, the largest investor in Russian renewable energy projects, will allow us to contribute to climate change mitigation and increase the competitiveness of our LNG in international markets
Fortum has set up separate partnerships with Russian nanotechnology company Rusnano
and the Russian Direct Investment Fund (RDIF
With the JV partners, the Finnish company installed 8 wind
farms totalling 670 MW in Russia.