BASF and Yamal LNG OAO (shareholders are Novatek OAO and Total) have concluded a license agreement on the use of BASF’s technology for the removal of carbon dioxide from natural gas. The use of the technology, marketed under BASF’s Oase® brand, is a prerequisite for the production of liquefied natural gas (LNG).
A.M. Fridman, Deputy Chairman of Novatek OAO, said: “The selection of the natural gas treatment technology is one of the most important design solutions for the Yamal LNG project. The agreement with BASF is signed full conformity with the project implementation schedule and is another important step towards the final investment decision on the Yamal LNG project.”
Christophe Thomas, Total LNG expert, noted: “BASF is the licensor of a robust gas removal process which is used in a number of LNG plants worldwide. The application of this technology in an Arctic LNG project is well justified.”
Dr. Andreas Northemann, head of the global gas treatment business in BASF’s Intermediates division, said: “BASF’s Oase technology has proven its robustness and flexibility under extreme conditions, whether climatic or technical. The cooperation with Yamal is another milestone in our 40 years of experience in the gas treatment business.”#
With more than 40 years of experience, BASF offers its customers efficient solutions for the treatment of various gases such as natural gas, synthesis gas, and biogas. Worldwide, these solutions have proven in over 300 reference plants. BASF markets its range of technologies, gas treatment agents and complete technical services under the brand Oase – Gas treating excellence from BASF.
About Yamal LNG
In October 2010 the Government of the Russian Federation approved the Large-Scale Plan for LNG Production Development on Yamal Peninsula. Yamal LNG was chosen as a pilot project. This project provides for the construction of an LNG plant with an annual output of over 15 million tons. The plant will source the feed from the Yuzhno-Tambeyskoe field, whose proven and probable reserves (according to PRMS standards) as of December 31, 2011, amount to 879 billion cubic meters. Transport infrastructure, including a sea port and an airport near Sabetta (North-East of Yamal), is to be built within the framework of the project. The project is implemented by Yamal LNG OAO, owned by NOVATEK OAO (80% share) and Total (20% share).
BASF (basf.com) is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. We combine economic success, social responsibility and environmental protection. Through science and innovation we enable our customers in almost all industries to meet the current and future needs of society. Our products and system solutions contribute to conserving resources, ensuring healthy food and nutrition and helping to improve the quality of life. We have summed up this contribution in our corporate purpose: We create chemistry for a sustainable future. BASF posted sales of about €73.5 billion in 2011 and had more than 111,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN).