On the heels of Gazprom’s announcement that Gazprom Gazomotornoye Toplivo (Gazprom Gas as Motor Fuel) will consolidate the Group’s natural gas vehicle (NGV) fuel production and sales assets, the European Business Congress (EBC) Presiding Committee approved a project spearheaded by Blue Corridor to expand NGV use in Europe. The project is aimed at converting transport systems in Organization for Security and Co-operation (OSCE) countries to NGV fuel. This project will include the expansion of compressed natural gas (CNG) filling station networks in Europe.
The EBC is a non-governmental organization made up of 125 members from 23 OSCE states, with the goal of supporting the development of economic co-operation between and in OSCE-countries, promoting economic development in OSCE-countries, and promoting a sustainable dialogue between politics and private businesses. The 27th meeting of the EBC Presiding Committee, which was hosted by Gazprom Management Committee Chairman Alexey Miller in Berlin, stressed the necessity of increasing joint efforts to develop the NGV market and enhance Europe’s NGV infrastructure. Similar to the Blue Corridor project, Gazprom Gazomotornoye Toplivo’s separate efforts to expand NGV fuelling systems will aid the EBC’s goal by devising and implementing marketing programs aimed at developing Russia’s CNG filling station network. Gazprom Gazomotornoye Toplivo will also work to broaden and increase the range of customers that use NGVs and natural gas-run farm, river and rail equipment. Already, Gazprom owns 206 of the 255 CNG filling stations in Russia.
The EBC Presiding Committee also announced that during the next EBC General Meeting in May, the main topic of discussion will be the development of liquefied natural gas (LNG) and its influence on European gas markets.