Gazprom and Fluxys Team Up on Small-Scale LNG
Russian gas major Gazprom has signed a framework agreement on small-scale LNG cooperation in the European market with Belgium-based counterpart Fluxys.
Under the provision of the agreement, the duo plans to collaborate on joint projects for the construction and operation of LNG receiving terminals, LNG filling stations and LNG bunkering infrastructure in Europe.
“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,” Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee said.
“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,” Pascal De Buck, Fluxys Managing Director and Chief Executive Officer added.