HMS Group and Novatek Sign Memorandum on Localization of LNG Equipment

28.10.2019
HMS Group recently announces that the company and PAO NOVATEK (“NOVATEK”) (the “Parties”) signed a Memorandum on strategic partnership, which aims the further development of mutual cooperation in a field of design and manufacture of first-of-its-kind-in-Russia equipment for LNG projects.

The Memorandum sets the general principles and main directions of mutually beneficial cooperation. It composes the long-term intention of the Parties to pursue a wide-scale cooperation to localize the manufacturing of compressors, pumps and other equipment for NOVATEK’s LNG projects.

Taking into account a successful experience of cooperation between HMS Group and NOVATEK on design and manufacture of the key compressor-based equipment under the “Arctic cascade” technology (home-grown technology of natural-gas liquefaction, which was developed by NOVATEK), the Parties fixed their mutual interest in cooperative development of new types of high-performance equipment for natural-gas liquefaction as well as further localization of equipment for large-capacity LNG projects and their raw-material base.

Prioritized directions of cooperation, fixed in the Memorandum, comprise design, manufacture and testing of hi-tech pumping and compressor equipment, including submersible cryogenic LNG-unloading pumps, as well as column, heat-exchanging and vessel equipment for natural-gas treatment and liquefaction units.

Source: HMS Group

More articles on this topic

Emission-Free Compressor Assists Rock Stabilization Works on Bastei in National Park, Germany

27.05.2022 -

Imagine a fairytale bridge, nested in a spectacular rock formation of a nature reserve in Saxony, Germany. This is the site where Jähnig GmbH Felssicherung handles an extensive rock stabilization project that will ensure visitors’ safety. The company relies on an Atlas Copco electric mobile compressor, which is completely emission-free, quiet, and exactly the right fit for their pneumatic equipment.

Read more

Four New Associate Members for the BPMA

09.12.2021 -

The British Pump Manufacturers Association (BPMA), which represents the business interests of UK and Irish suppliers of liquid pumps and pump related equipment, has further expanded its numbers with the addition of four new associate members, bringing the total roll call of ‘associates’ to fifteen.

Read more