Monday, September 28, 2020
Home Oil & Gas Novatek and Nauticor to develop an LNG supply infrastructure in the Baltic...

Novatek and Nauticor to develop an LNG supply infrastructure in the Baltic Sea

German provider of liquefied natural gas (LNG) Nauticor and Russia’s LNG producer Novatek will cooperate to develop a joint LNG supply infrastructure in the Baltic Sea range.

Through this cooperation, the two companies aim to further develop the marine LNG bunkering market by delivering via both bunker vessels and trucks.

“This cooperation combining the strengths of a leading marine LNG provider with those of one of the world’s largest LNG producers will benefit those companies that chose using LNG as fuel as it is improving the availability of LNG in a growing number of locations,” said Gregoire Hartig, Senior Business Development Manager of Nauticor. “The commitment of a strong player like Novatek, to support the development of small-scale LNG infrastructure in the Baltic Sea and beyond, underlines Nauticor’s efforts to develop the last mile of the LNG supply chain from the terminal to the end-customer. The Rostock LNG terminal is obviously an important addition to that and a natural starting point for such cooperation.”

Both companies are already active market players in the North European LNG market and see significant potential for further growth by joining forces. Novatek has remarkable LNG production capacities in Yamal and Vysotsk which would be suitable to satisfy the growing demand from shipping, logistics and industry for alternative fuels in Central and Western Europe. On the other hand, Nauticor has extensive experience in setting up bespoke and competitive supply chains for LNG as marine fuel by truck and ship in Northwest Europe.

By using LNG, a wide range of emissions, especially sulphur, nitrogen, and particle matters, as well as carbon dioxide, can be significantly reduced.

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