OREANDA-NEWS.  Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee, and Pascal De Buck, Fluxys Managing Director and Chief Executive Officer, today signed in Paris a Framework Agreement on small-scale LNG cooperation in the European market.

The Agreement reflects the intention of the parties 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 conventional fuels in different fields of economy including industry and transport. It is one of key growth areas in European gas consumption. By developing this segment, Gazprom will further diversify its export potential and increase sustainable supplies of energy to Europe,” Alexander Medvedev said.

“Developing the required infrastructure for small-scale LNG is key to implementing the EU's sustainable strategy for alternative fuels. It will enable small-scale LNG to further unlock its vast potential for mitigating the environmental impact of waterborne and heavy transport, as well as for powering the remote industrial sites not connected to gas trunklines,” Pascal De Buck said.

Background

The Belgian gas transmission company Fluxys is engaged in natural gas transportation and storage. Fluxys also provides infrastructure services in the field of large-scale and small-scale LNG.