Gazpromneft Marine Bunker, United Shipbuilding Corporation (USC) and Gazprom Gazomotornoye Toplivo have teamed up on the expansion of liquefied natural gas (LNG) as marine fuel in Russia.
The parties signed a memorandum of cooperation and strategic partnership on September 5, during the 5th Eastern Economic Forum in Vladivostok.
The companies said they intend to cooperate in developing LNG-powered vessels, interacting with potential consumers from among shipping companies, building infrastructure for LNG bunkering, and creating an up-to-date legal and regulatory framework for the use of LNG as a motor fuel.
— Gazprom (@GazpromEN) September 5, 2019
“We see significant potential in using LNG as a fuel for sea and river vessels thanks to its economic and environmental advantages,” Oleg Melekhin, Director General of Gazprom Gazomotornoye Toplivo, said.
“The newly-signed memorandum will allow the parties to consolidate their efforts and expertise in this strategic area,” Melekhin added.