Home Offshore Energy NOVATEK and Nuovo Pignone Signed Cooperation Agreement on CO2 Emissions Reduction

NOVATEK and Nuovo Pignone Signed Cooperation Agreement on CO2 Emissions Reduction

NOVATEK and Nuovo Pignone (Italy), part of the Baker Hughes Company, signed a Cooperation Agreement aimed at reducing carbon dioxide (CO2) emissions.

According to the MOU, the parties intend to cooperate in developing electrical and gas turbine solutions for natural gas and LNG production, as well as solutions for reducing CO2 emissions. As part of the Agreement, the Parties will commence implementing a project to convert gas turbines to hydrogen-based fuel gas mix.

“Baker Hughes is one of the main equipment suppliers to our Yamal LNG and Arctic LNG 2 projects,” noted Leonid Mikhelson, NOVATEK’s Chairman of the Management Board. “We are expanding our cooperation with them to develop efficient and economically viable solutions to mitigate the impact of climate change on our projects – one of the essential topics for NOVATEK and the entire oil and gas industry. Hydrogen technologies have great prospects to reduce the level of global greenhouse gas emissions, and further work is required to develop and adapt these technologies for operations in Arctic climatic conditions”.