Gazprom Confirms Commitment to NGV Sector

Russia’s Gazprom bets on the Natural Gas Vehicles sector, keeping an eye on international markets while working to improve its efficiency. 

‘The outlined target parameters will make it possible to maintain the sustained growth in natural gas supply from the company's portfolio to be used as a vehicle fuel as well as to increase the international retail sales of NGV fuel in the form of liquefied natural gas and compressed natural gas through the company-owned network of filling stations,’ reads a note released on Wednesday. 

The company set target parameters for 2014-15 and through to 2030.

Last August, Gazprom said it would have invested RUB 13.8 billion (€310 million) in the following 16 months to construct and upgrade over 300 natural gas vehicles (NGV) facilities in Russia, with a special interest on compressed natural gas (CNG) filling station and vehicle conversion shops.