“The Russian NGV market holds tremendous potential and the market for quality compressor equipment is expected to rapidly increase,” said Andrew J. Littlefair, president and CEO of Clean Energy. “As reported by Reuters in May 2013, Russian Prime Minister Dmitry Medvedev’s decree underscores the economic and environmental benefits a vibrant Russian CNG vehicle market would represent and we’re eager to help it succeed.”
Moreover, Manfred Eibeck, CEO of RM commented: “These agreements are the first steps toward mutually-beneficial synergies in the introduction of CNG as a motor fuel in Russia and surrounding markets. Russia holds the largest natural gas reserves in the world, yet only has approximately 200 natural gas fueling stations and 100,000 NGVs. This project will help bring state-of-the-art fueling solutions and localized hi-tech production to Russia.”
RM has also been named among the distributors of CNG services in numerous surrounding markets such as Ukraine, Belorussia, Kazakhstan, Armenia, Turkmenistan and Uzbekistan. In turn, IMW is active in 26 countries such as China where a recent agreement with China Gaswas reached to supply up to 416 compressors for the construction of 310 CNG stations.
Source: Clean Energy Fuels/Russian Machines Corporation
