Oleg Melekhin, Director General of Gazprom Gazomotornoye Toplivo; Alexey Medvedev, Acting Director General of Gazpromneft Marine Bunker; and Alexey Rakhmanov, President of United Shipbuilding Corporation (USC), have signed a Memorandum of Cooperation and Strategic Partnership, which provides for joint efforts in expanding the use of LNG as a fuel for marine transport in Russia.
The parties 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.
“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 Melekhin.
The document was signed in the presence of Alexey Miller, Chairman of the Gazprom Management Committee, and Georgy Poltavchenko, Chairman of the Board of Directors of USC, during the 5th Eastern Economic Forum in Vladivostok.