NOVATEK: Obtains International Certification for CO2 Underground Storage Sites in Yamal and Gydan
“Having certified CO2 geological storage sites is an important element of the Company’s strategy to decarbonize production clusters for LNG and low-carbon gas chemicals”, noted Leonid Mikhelson, Chairman of NOVATEK’s Management Board. “The large potential of the certified CO2 storage sites allows both capturing and storing CO2 generated at our own production facilities, and offering CO2 underground storage services to third parties. NOVATEK is currently finalizing the pre-FEED stage for CO2 capture and treatment infrastructure in Yamal, with subsequent CO2 injection in the subsurface for long-term storage. The project will allow reducing the carbon footprint of the Company’s existing and prospective projects, including LNG plants and gas chemical production facilities”.
