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Rosneft & Beijing Gas Plan Joint Development of Gas-Filling Station Chain in Russia

Source: www.gulfoilandgas.com 9/12/2018, Location: Asia

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Rosneft and Beijing Gas Group Company Limited (hereinafter referred to as Beijing Gas) in the framework of the IV Eastern economic forum signed an Agreement embodying the basic terms of the joint venture (JV) for the construction and operation of a chain of automobile CNG filling stations in Russia (CNG stations).

Under the Agreement the parties plan to build over 160 CNG stations in Russia and the possibility of using LNG as natural gas motor fuel is being discussed.

Commenting on the Agreement, Igor Sechin said: «The creation of a filling stations chain for vehicles running on gas, is an important contribution to improvement of the ecological situation in the country, and corresponds with the Strategy Rosneft-2022 and with the President's order on the necessity of developing in this direction.

We believe that the experience of Beijing Gas in construction and operation of CNG stations on the competitive market of China will help in the realization of such project in Russia. Also, the Agreement signed today will let us deepen the strategic partnership with Beijing Gas».

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