Menu
  • Home
  • London Exchange
  • Euronext
  • Australian Exchange
  • Wire
  • Contact Us
  • Business & Finance
NewsnReleases

NOVATEK obtains Certification for CO2 underground storage in Yamal and Gydan

Posted on February 3, 2022February 3, 2022

MOSCOW, RUSSIA: PAO NOVATEK announced today that the first of three stages of international certification for long-term CO2 underground storage sites in the Yamal and Gydan Peninsulas has been successfully completed and that site feasibility certificates have been issued for further study of the sites and subsequent certification stages.

Det Norske Veritas (DNV), an independent certification and classification society, issued certificates of conformity with international standards ISO 27914:2017 Carbon Dioxide Geological Storage and DNVGL-SE-0473 Certification of Sites and Projects for Geological Storage of Carbon Dioxide.

Pursuant to the issued certificates, the geological formations within the Obskiy (Yamal) and Tadebyayakhinskiy (Gydan) license areas have the capacity to store at least 600 million tons of CO2 each, which is supported by calculations. The calculations were made by NOVATEK’s Scientific and Technical Center with the involvement of international service companies, and verified by DNV.

“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”.  

 www.novatek.ru

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Track all markets on TradingView

Investing.comThe Exchange Rates are powered by Investing.com.

Site Navigation

  • Home
  • Listed Companies
  • Contact Us
  • London Stock Exchange
  • Singapore Exchange
  • Canadian Exchange
  • Australian Exchange
  • Oslo Bourse
  • PSX
  • Ratings
  • Euronext
  • MENA
  • Nasdaq Nordic
  • Wire
  • Business & Finance
  • Gadget Reviews
  • About Us: A Comprehensive Financial News Database

All news and articles on NewsnReleases are based on press releases, corporate announcements and analysts’ reports issued to London Stock Exchange (LSE), Euronext, Singapore Exchange (SGX), Japan Stock Exchange (JPX), Dubai Financial Market (DFM), Saudi Stock Exchange (Tadawul), Qatar Stock Exchange (QSE), BSEIndia, Australia Stock Exchange etc.

Listed Companies

Equity Markets and Stock Exchanges

NNR
©2025 NewsnReleases | WordPress Theme by Superb WordPress Themes
Menu
  • Home
  • London Exchange
  • Euronext
  • Australian Exchange
  • Wire
  • Contact Us
  • Business & Finance