NOVATEK further reports that Det Norske Veritas (DNV), an independent certification and classification society, has 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”.