Russian gas independent Novatek has struck a deal to secure renewable energy supplies for its Cryogas-Vysotsk LNG plant.
Fortum will supply all of the LNG facilities’ needs, Novatek said, with power from Russian wind farms and joint ventures. This move will reduce scope 2 emissions from the Vysotsk plant.
“Using green energy to power natural gas liquefaction is an effective way to reduce the LNG’s carbon footprint,” said Leonid Mikhelson, Chairman of Novatek. “This is an emerging area of activity for us and we are considering various ways of using wind power in our LNG projects.”
He went on to say that buying renewable energy is an “economically efficient solution that helps reduce carbon emissions in the region as a whole and contribute to [the] further development of wind farms in Russia”.
Novatek said it had struck a memorandum of understanding with Fortum at the St Petersburg forum, in June 2021.
The Vysotsk LNG plant will produce 660,000 tonnes of LNG per year. It began producing in April 2019. Novatek has a 51% stake in the facility, while Gazprombank has the remaining 49%.
Based in Vysotsk, on the Baltic Sea, the LNG plant exports to the Baltic and Scandinavian states.
Reducing the associated carbon from LNG is increasingly important in supplies to Europe. Novatek is also signing up to increase LNG deliveries to China.
On January 11, the Russian company announced deals to supply ENN’s Zhoushan terminal and Zhejiang Provincial Energy Group. Novatek will provide 0.6 million tonnes per year to ENN and 1mn tpy to Zhejiang from its Arctic LNG 2 project.
Recommended for you
