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Novatek & Atomenergomash Sign Memorandum on Localizing Fabrication of LNG Equipment

Logistic News - Published on Mon, 15 Jul 2019

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Novated and JSC Atomenergomash, a Mechanical Engineering Division of the Rosatom State Corporation, signed a Memorandum on Strategic Partnership and Localizing the Fabrication of Critical Equipment for LNG Production. The Memorandum notes the results already achieved on the fabrication of coil-wound heat exchangers and medium-tonnage cryogenic pumps, and establishes the obligations of the Parties on design, manufacturing and conducting pilot tests of high-tonnage cryogenic pumps. According to the Memorandum, the Parties intend to pursue long-term cooperation to localize the fabrication of pumps, heat exchangers and other equipment for Novatek's LNG projects at the facilities of Atomenergomash.

Mr Alexander Fridman, Novatek's First Deputy Chairman of the Management Board, said that “This memorandum is important for the development of the Russian gas industry and the implementation of our new LNG projects using domestic technologies and equipment. Atomenergomash has already fabricated and shipped heat exchangers and cryogenic pumps for Yamal LNG’s Train #4 utilizing NOVATEK’s patented “Arctic Cascade” gas liquefaction technology. This equipment is unique for the Russian manufacturing industry. We are interested in creating a domestic industry producing high-tonnage equipment for LNG production, thereby reducing capital costs and increasing our global competitiveness. This entails maximizing the involvement of the Russian scientific and industrial capabilities.”

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Posted By : Mohan Sharma on Mon, 15 Jul 2019
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