Novatek launches new LNG filling stations in Germany and Poland

Russia’s Novatek has opened new LNG filling stations for trucks in Germany and Poland as it continues to build a network of such facilities to meet growing demand in the road transport sector.

The independent LNG exporter launched two new facilities in the second quarter and now operates ten LNG filling stations in Germany and four in Poland via its unit Novatek Green Energy.

“We plan to construct and open another 28 LNG retail stations,” Novatek’s CFO Mark Gyetvay said on Thursday during a conference call discussing the company’s quarterly results.

“We marketed approximately 13 thousand tons of LNG through our European retail stations
during the first half of 2021, and sold 7.5 thousand tons in the current period, which represented a 34% increase quarter on quarter,” he said.

Gyetvay revealed earlier this year Novatek’s plans to build 30 LNG filling stations in Europe as an increasing number of firms opt for the fuel to reduce costs and emissions.

In addition, Novatek recently said it would create a unit to focus on developing the small-scale market in Russia.

Novatek – LNG Fuel would construct small-scale plants, facilitate LNG wholesale markets but also develop a retail network for LNG as a fuel for vehicles in Russia, the firm said.

Most Popular

Another steam LNG carrier sold for demolition

An NYK-managed steam liquefied natural gas (LNG) carrier has been sold for demolition, according to brokers.

Abaxx sees significant volume growth in its LNG futures

Abaxx Commodity Futures Exchange, a wholly owned subsidiary of Abaxx Technologies (CBOE:ABXX) has seen significant volume growth in its physically deliverable LNG futures during the past summer months, according to Abaxx Exchange Chief Commercial Officer Joe Raia.

Shell’s LNG Canada expansion project to get boost from government

Canadian Prime Minister Mark Carney named the planned second phase of Shell's LNG Canada export project as one of the major projects the federal government would help fast-track.

More News Like This

Russian LNG production down 4.2 percent in January-July

Russian liquefied natural gas (LNG) production dropped 4.2 percent in January-July this year compared to the same period in 2024, according to the Russian statistics agency Rosstat.

Novatek reports lower H1 profit

Russian LNG producer Novatek reported a 34 percent drop in its net profit in the first half of this year.

Russian LNG production continues to decline

Russian liquefied natural gas (LNG) production continued to decrease in June compared to last year, according to the Russian statistics agency Rosstat.

EU lifts sanctions against LNG carrier trio

The European Union has lifted sanctions against three ice-class liquefied natural gas (LNG) tankers operated by Japan's shipping giant MOL and intended to serve Novatek's Arctic LNG projects in Russia.