Gazprom and Gasunie sign LNG framework agreement

At a meeting hosted at the Gazprom headquarters, Alexey Miller, Chairman of the Gazprom Management Committee and Han Fennema, CEO and Chairman of the Executive Board of Gasunie, signed a Framework Agreement for cooperation in small scale LNG shipments.

The document stipulates the cooperation in the small scale European LNG market. This will focus particularly on joint projects for the construction of LNG receiving terminals, LNG filling stations and other infrastructure facilities.

The parties began to explore the possibility of constructing a small LNG receiving terminal in Northwest Europe, as a prospective joint project. The terminal would be used for storing, shipping and selling LNG as a bunker and vehicle fuel, as well as an energy source for autonomous gasification.

During the meeting, matters regarding the security of gas supply to the European market were discussed. It was stated that the development of new gas infrastructure would help to secure a stable and affordable energy supply for Europe.

Actively developing the small scale LNG business in Europe

“Gazprom and Gasunie will be actively developing the small scale LNG business in Europe. Joint infrastructure projects will make it possible to diversify the supply routes, as well as broaden the use of natural gas in European countries,” said Alexey Miller.

“LNG has a clear role to play as a cleaner fuel alternative for maritime vessels, ferries, trucks and industrial applications throughout Europe. It supports European Union environmental priorities. It will help ship and truck owners to follow stringent European emission regulations”, added Han Fennema.

Edited from press release by Callum O'Reilly

Read the article online at: https://www.lngindustry.com/small-scale-lng/03072015/gazprom-and-gasunie-sign-lng-framework-agreement-991/