Fluxys signs small scale LNG cooperation agreement with Gazprom

Fluxys has released a statement claiming that it has signed a framework agreement with Gazprom to cooperate in the small scale LNG sector. Specifically, the parties wish to establish joint projects for the construction and operation of LNG receiving terminals, LNG bunkering infrastructure and LNG filling stations in Europe.

Alexander Medvedev, the Deputy Chairman of the Gazprom Management Committee, said: “Small scale LNG is not just a cost-effective and eco-friendly alternative to traditional fuel for different fields of economy including industry and transport. It is one of the key growth areas in European gas consumption. By developing this segment, Gazprom will further diversify its export potential and increase its supply of sustainable energy to Europe.”

Pascal De Buck, the Managing Director and CEO of Fluxys, added: “Developing the required small scale LNG infrastructure is key to put the EU sustainable alternative fuels strategy into practice. It will enable small scale LNG to further unlock its vast potential to mitigate the environmental and health impact of shipping, long-haulage transport by truck and remote industrial sites not connected into a pipe gas network.”

Edited from press release by David Rowlands

Read the article online at: https://www.lngindustry.com/lng-shipping/29032016/fluxys-signs-small-scale-lng-cooperation-agreement-with-gazprom-2194/