NOVATEK company announced that the it has signed a memorandum of cooperation with the Minister of Economy, Trade and Industry of Japan, Hiroshi Kajiyama, on ammonia, hydrogen and carbon capture utilization and storage, a press release issued by NOVATEK stated.

The signature came as a part of the Eastern Economic Forum in the presence of the Minister of Energy of the Russian Federation Nikolai Shulginov.

According to the agreement, the parties will jointly support projects in producing and marketing of ammonia and hydrogen, as well as implementing technologies for carbon capture and storage (CCS) in Russia and Japan.

In addition, the two sides will exchange the information and research in these areas, as well as implementing pilot projects and providing state support for developing policies in the field of decarbonization, standards and requirements for low-carbon products.

On this occasion, Leonid Mikhelson, NOVATEK’s Chairman of the Management Board, said “the Memorandum expands inter-governmental support for our climate projects that is of great importance for the successful implementation of NOVATEK’s strategic plans to further increase LNG production while correspondingly reducing our carbon footprint. The Memorandum also contributes to strengthening the economic ties between Russia and Japan.”