Novatek plans to open another 30 LNG filling stations

Russian producer Novatek is looking to open another thirty LNG filling stations for heavy-duty transport in Europe as an increasing number of firms opt for the fuel to reduce costs and emissions.

Novatek already operates nine LNG filling stations in Germany and three in Poland via its unit Novatek Green Energy.

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

“Since commencement of retail operations, we have marketed approximately 12.5 thousand
tons of LNG through our European retail stations and in the first quarter, we sold 5.3 thousand tons for a seven-fold increase year-on-year,” he said.

Furthermore, Novatek said in December its unit had launched Europe’s first carbon-neutral LNG station for heavy-duty transport in the German port city of Rostock.

Novatek says it uses nature-based or other carbon offsets to compensate the carbon footprint of LNG sold to customers.

“We also had solid growth in our carbon-neutral LNG fueling station in Rostock, which sold 826 tons in the first quarter, and at this current run rate, the station has the potential to sell almost 3,000 tons on an annualized basis,” Gyetvay said.

“This compares to the average European LNG refueling station that sells roughly
1,000 to 1,500 tons per year,” he said.

- Advertisements -

Most Popular

BP, PetroChina book capacity at Dutch Gate LNG terminal

BP and a unit of PetroChina have agreed to book long-term capacity at the Dutch Gate LNG import terminal,...

TotalEnergies releases Mozambique LNG report

French energy giant TotalEnergies on Tuesday released a report regarding the humanitarian situation in the province of Cabo Delgado,...

LNG carrier Golar Gandria sold for demolition

Floating LNG player Golar LNG has sold its 1977-built LNG carrier, Golar Gandria, for demolition, according to brokers. The 125,000-cbm...

More News Like This

BarMalGas to start building Rostock LNG terminal in 2023

Germany's BarMalGas is planning to start construction on an LNG and bio-LNG terminal in the German port of Rostock...

Novatek hits Yamal LNG milestone

Russia’s LNG exporter Novatek said that its Yamal LNG project has produced its billionth cubic meter of gas from...

Russia’s Novatek upgrades its Arctic liquefaction tech

Russia's LNG exporter Novatek has upgraded its Arctic liquefaction tech which it uses at the fourth Yamal LNG train. According...

Novatek reports higher Q1 LNG sales, gets OK to buy Sakhalin Energy stake

Russian LNG exporter Novatek reported a 60 percent rise in its liquefied natural gas sales for the first quarter...