OMV Petrom goes into LNG distribution

South-Eastern Europe’s largest integrated energy company OMV Petrom has obtained a license to commercialize LNG.

Liquefied natural gas (LNG) provides a cleaner fuel alternative with emissions of up to 15 per cent less CO2, 50 per cent less nitrogen oxide, and also 50 per cent less noise compared with diesel trucks. LNG can be safely stored and transported on very long distances, with a high degree of economic and energy efficiency.

By entering the LNG distribution market, OMV Petrom is diversifying its activities on the gas market and related products.

LNG is seen as a solution for the supply of the areas that are not connected to natural gas transmission networks. In terms of industrial uses, it can be utilized as an energy source, providing added efficiency and operability.

Franck Neel, member of the OMV Petrom Executive Board, said: “OMV Petrom’s entry on this market is a natural development. We believe that natural gas plays an essential role in the energy transition of Romania, especially due to the fact that we can access these resources. Natural gas has multiple applications in power production, transportation and industry, and can also contribute to reducing emissions and strengthening energy security. And LNG represents a cleaner solution for the mobility sector.”