April 2013, Vol. 240 No. 4

Projects

Gazprom Expanding Presence In NGV Fuel Market

Gazprom will build 17 CNG filling stations in 10 Russian regions this year, is a sign of the growing global interest in using natural gas as a transport fuel.

Gazprom said it has long considered “NGV fuel market development as a profitable core business.” It noted that conversion from gasoline to natural gas reduces harmful emissions roughly fivefold.

NGV fuel prices are much lower than that of gasoline or diesel fuel. The motor vehicles conversion to gas will reduce road transport costs and, consequently, bring about cost reduction in all economic and social sectors, the company says. Gazprom considers the NGV fuel market development as a profitable core business. The company is planning to fiocus its early attention on eastern Russia.