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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Siemens Energy AG | TG:ENR | Tradegate | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.47 | 2.44% | 19.72 | 19.68 | 19.76 | 19.88 | 19.205 | 19.65 | 529,848 | 22:50:05 |
By Jaime Llinares Taboada
Novatek said Thursday that it will work with Siemens Energy AG to replace the natural gas used to fuel electricity and liquefied natural gas production with hydrogen.
The project is part of a new agreement between the Russian and the German energy companies to jointly develop high-tech solutions to produce LNG, electricity, hydrogen and other products that help them achieve their emissions reduction and energy-efficiency goals.
"Our further collaboration with Siemens Energy to decarbonize our LNG production will contribute significantly to the mitigation of climate change, which is of paramount importance to reduce our carbon footprint in the Arctic ecosystem," Novatek Chairman Leonid Mikhelson said.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT
(END) Dow Jones Newswires
December 10, 2020 07:12 ET (12:12 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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