Russia: TotalEnergies Partners with Novatek on LNG Decarbonization, Hydrogen and Renewables
TOTAL SA (TOT)
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Source: Business Wire
SAINT PETERSBURG, Russia--(BUSINESS WIRE)--Regulatory News:TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TOT) 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."We are very pleased to begin a new chapt
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