By Sabela Ojea
Novatek said Thursday that it has signed a memorandum of understanding on cooperation in renewable power with Fortum Oyj as it aims to to reduce its carbon footprint.
The Russian energy company said it will purchase electricity produced by the Finnish company's renewable power facilities in Russia.
"Using green energy produced by wind farms owned by Fortum and its joint ventures at the company's [liquefied natural gas] plant in Vysotsk will enable Novatek to offer its LNG customers a more sustainable product with a reduced scope 2 carbon footprint (purchased electricity)," the company said.
Scope 2 emissions refers to emissions related to the power, cooling and heating consumed by a company.
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(END) Dow Jones Newswires