Gazprom building partnership to realize LNG as marine fuel

VLADIVOSTOK - Gazprom is exploring development of LNG-powered vessels and associated support, 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.

“We see significant potential in using LNG as a fuel for sea and river vessels thanks to its economic and environmental advantages. The newly-signed Memorandum will allow the parties to consolidate their efforts and expertise in this strategic area,” said Oleg Melekhin, Director General of Gazprom Gazomotornoye Toplivo.

Oleg Melekhin, Alexey Medvedev, Acting Director General of Gazpromneft Marine Bunker, and Alexey Rakhmanov, President of United Shipbuilding Corporation (USC), signed a memorandum at the 5th Eastern Economic Forum in Vladivostok a Memorandum of Cooperation and Strategic Partnership.

The memorandum provides for joint efforts in expanding the use of liquefied natural gas (LNG) as a fuel for marine transport in Russia.