Gazprom to Begin with NGV Market in Belarus

As part of the business trip by Gazprom’s delegation to the Republic of Belarus, a meeting between Alexey Miller, Chairman of the Company’s Management Committee and Vladimir Semashko, First Deputy Prime Minister of the Republic of Belarus took place today.

The parties discussed promotion of the Russian-Belarusian cooperation in the gas sector, the prospects for developing the gas transmission system and underground gas storage facilities in the Republic as well as the ongoing integration of Beltransgaz into Gazprom Group. In addition, the meeting addressed various options of Russian gas transit across Belarus.

It was highlighted that Gazprom set the task of considerably expanding natural gas use as a motor fuel. With its multiple environmental and economic advantages NGV fuel is greatly important for the society.

Alexey Miller and Vladimir Semashko emphasized that there was a promising outlook for intense development of the NGV fuel market in the Republic. Conversion of vehicles and equipment to natural gas will provide significant cost savings to Belarusian car owners and producers as the NGV fuel value is much lower than that of gasoline and diesel fuel.

Based on the meeting results, the Government of the Republic of Belarus and Gazprom signed a Protocol of Intent on cooperation aimed at developing natural gas use as a motor fuel.

[mappress]
LNG World News Staff, August 27, 2012; Image: Gazprom