Technip Energies and NIPIGAS are planning to create Nova Energies, a joint venture (JV) to drive the energy transition journey in Russia. The heads of terms agreement defining the path forward was signed today by Arnaud Pieton, CEO of Technip Energies and Dmitry Evstafiev, CEO of NIPIGAS.

The JV will provide engineering and design, project documentation and CAPEX estimates (FEED/PD) as well as engineering, procurement, construction, installation, and commissioning (EPC/EPCm) for CO2 removal, Carbon Capture, clean hydrogen production, bio energies, bio refineries, bio chemistry, ammonia, as well as other energy transition related themes. 

Nova will be a full-fledged independent player on the Russian market for the long-term period. The JV will include Technip Energies and NIPIGAS personnel, who will bring their respective areas of expertise and support, with the aim of becoming the “best in class” engineering and technology company for the energy transition in Russia.