NOVATEK Joins the Society for Gas as a Marine Fuel and the SEALNG Association
Moscow, 14 July 2017. Novatek Gas & Power, a wholly owned trading subsidiary of NOVATEK (“NOVATEK” and/or the “Company”) has joined the Society for Gas as a Marine Fuel and the SEALNG Association to help promote liquefied natural gas (LNG) as a marine fuel. Both organizations are active in promoting the increased use of cleaner burning LNG for marine transportation.
The Chairman of NOVATEK’s Management Board Leonid Mikhelson noted: "The recent adoption of stricter emission standards for marine transportation by 2020 is consistent with our strategy for entering into new prospective LNG market segments including bunkering. Global environmental requirements create the basis for transiting global fleet toward cleaner types of fuels. We are confident that more shipping companies will opt for LNG to meet these stricter requirements, and we are ready to facilitate the LNG bunkering market and infrastructure development”.
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PAO NOVATEK is Russia’s largest independent natural gas producer. The Company is principally engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons and have 20 years of operational experience in the Russian oil and natural gas sector.
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