Novatek adds another German LNG station

A unit of Russian producer Novatek has launched another LNG filling station in Germany as a growing number of truck owners opt for the fuel to cut costs and emissions.

Novatek Green Energy opened the station in Elsterheide, according to Germany’s BarMalGas that operates the facility but also other Novatek’s stations in the country.

To remind, 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.

The firm currently owns eight LNG fueling stations in Germany and one in Poland, data from Novatek Green Energy’s website, shows.

As part of its long-term strategy, Novatek plans to build a network of LNG fueling stations in Europe at key transport connecting points between Germany and Poland.

Novatek sees “significant growth potential” in this market due to increasingly stringent environmental standards and “affordable” LNG price.

In addition, the German government has last year extended the existing highway toll exemption for LNG-powered trucks until 2023.

Most Popular

Venture Global’s Q2 revenue reaches $4.58 billion, net income jumps

US LNG exporter Venture Global reported revenue of $4.58 billion in the second quarter of this year, a 47.6 percent rise from the year before, while its net income surged 266 percent year-on-year to $1.35 billion.

ConocoPhillips continues to boost LNG portfolio

US energy giant ConocoPhillips has expanded its commercial LNG offtake portfolio to 12 million tonnes per annum as it continues to scale up this business, according to incoming CEO Andy O’Brien.

Woodside: RWE’s deal with Stonepeak has no impact on Louisiana LNG ownership structure

RWE's agreement with US private equity firm Stonepeak has no impact on Louisiana LNG ownership structure, a Woodside spokesperson told LNG Prime.
spot_img

More News Like This

Russian LNG production up 10.7 percent in January-June

Russian liquefied natural gas (LNG) production rose 10.7 percent in the first six months of this year, according to the Russian statistics agency Rosstat.

Novatek’s H1 net profit down

Russian LNG producer Novatek reported a 3.1 percent drop in its net profit in the first half of this year.

TotalEnergies to complete Arctic LNG 2 stake sale to Novatek in near term, CEO says

French energy giant TotalEnergies expects to complete the sale of a 10 percent stake in the Arctic LNG 2 project to Russian LNG exporter Novatek in the near term, according to TotalEnergies CEO Patrick Pouyanne.

Novatek’s gas sales slightly up in Q2

Russian LNG exporter Novatek reported a slight increase in its natural gas sales, including LNG, in the second quarter of this year.