Novatek says it launched Europe’s first carbon-neutral LNG station

Russia’s Novatek claims it has launched Europe’s first carbon-neutral LNG station for heavy-duty transport in the German port city of Rostock.

Novatek Green Energy, a unit of the independent LNG producer, is behind the station that will offset LNG’s carbon footprint sold to end-customers from several “emission reduction” projects.

These include wind generation projects in developing countries, according to Novatek.

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.

Currently, the company operates a network of six LNG fueling stations in the European market as well as 19 regasification facilities.

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

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

This will also boost the use of LNG as truck owners look to cut costs and emissions.

- Advertisements -

Most Popular

BP expects LNG demand to grow up to 40 percent by 2030

UK-based energy giant BP expects global demand for liquefied natural gas (LNG) to rise up to 40 percent by...

Venture Global’s Plaquemines LNG gets OK to introduce gas to GTG

US LNG exporter Venture Global LNG has received approval from US energy regulators to introduce natural gas to the...

AG&P LNG inks deal with BKLS to deliver spot LNG cargo to China

Nebula Energy’s AG&P LNG has signed a deal with Singapore-based BK LNG Solution (BKLS) to deliver one spot liquefied...

More News Like This

Samsung Heavy to sue Russia’s Zvezda over LNG carrier contract termination

South Korean shipbuilding giant Samsung Heavy Industries said it will sue Russian shipbuilder Zvezda after the latter decided to...

TotalEnergies CEO: Mozambique LNG restart is not a matter of costs

French energy giant TotalEnergies had "good" discussions with Mozambique LNG contractors and they agreed not to inflate the costs...

Russia’s Gazprom to buy Shell’s stake in Sakhalin LNG terminal operator

Russia has approved the sale of a 27.5 percent stake, previously owned by LNG giant Shell, in the new...

Novatek reports profit of about $5.1 billion in 2023

Russian LNG producer Novatek reported a net profit of about 463 billion rubles ($5.09 billion) in 2023. The company...