Linde AG has secured a collaboration with multiple major multinationals to provide its liquefaction technology to future liquefied natural gas (LNG) plants.
The Framework Agreement on Strategic Cooperation, signed by Russia’s PAO NOVATEK, Technip and Research and Design Institute for Gas Processing (NIPIGas), will see the parties cooperate on future LNG projects.
Under the deal, the German industrial gas conglomerate has also signed a License Agreement with NOVATEK to provide its natural gas liquefaction technology for its Arctic LNG 2 project.
The Linde Group holds more than 40 years’ experience in designing, building and operating LNG plants and proprietary cryogenic equipment.
Linde Engineering’s natural gas liquefaction processes can cover LNG plants ranging from 40,000 tonnes per year to more than 10 million tonnes per year. The industrial gas giant combines both process and key equipment engineering knowledge in its cryogenic equipment and claims that it is the only supplier worldwide to deliver plate-fin and coil-wound heat exchangers, forming the core of many LNG plants.
Leonid Mikhelson, Chairman of NOVATEK’s Management Board, signified, “The framework agreements we have signed today allow us to significantly improve the economics on our next LNG projects, thus making our products competitive in any market.”
Linde previously signed a strategic agreement with NOVATEK in June 2016, localising the construction of relevant process modules and sourcing respective equipment for NOVATEK throughout Russia.