A tripartite cooperation pact signed on LNG projects

12 September 2019

Gazprom Neft, Gazprom gas-engine fuel, and the United Shipbuilding Corporation (USC) have concluded a tripartite cooperation and strategic partnership agreement on developing an LNG fleet and related infrastructure.

The agreement envisages the parties cooperating in research and development activities directed at creating production capacity both for building vessels running on liquid natural gas (LNG) and in developing LNG infrastructure. The parties also plan collective engagement with shipping companies — potential purchasers of LNG vessels. A further area of cooperation concerns joint involvement in developing and fine-tuning the regulatory framework for LNG fuel usage within the Russian Federation.

Under the memorandum, the parties have agreed a joint “roadmap” directed at developing the bunkering LNG bunkering market, with USC analyzing current technical capabilities for developing, building and certifying LNG vessels. Specialists at Gazpromneft Marine Bunker will be undertaking extensive and integrated analysis of projects to develop LNG “ship-to-ship (STS)” and “shore-to-ship” bunkering infrastructure.