11/03/2019

Press release: Sales of Gazprom Neft marine fuels up 10 percent in 2018

Sales of bunkering fuel at Gazpromneft Marine Bunker, operator of the Gazprom Neft bunkering business, reached 2.9 million tonnes in 2018, a 10-percent increase year-on-year, further strengthening its position as one of the most important marine fuel suppliers on the Russian market. Higher retail and independent wholesaler volumes were helped by positive sales trends in the North—West and Black Sea regions.

Sales of low-sulphur marine fuels continued to increase as a proportion of Gazpromneft Marine Bunker’s total sales structure, with environmentally friendly fuels (with sulphur content below 0.1 percent) increasing 26 percent year-on-year to reach 200,000 tonnes.

Gazprom Net plans to use liquefied natural gas (LNG) to expand its marine-fuels product range in the medium term — the company having begun introducing international LNG-bunkering standards into Russian shipping in 2018, as well as initiating the construction of Russia’s first LNG bunkering tanker — a project unique to the industry.

Andrei Vasilyev, CEO, Gazprom Neft Marine Bunker commented: “The bunkering industry is on the verge of ground-breaking transformation. The new MARPOL standards, together with growing demand for environmentally-friendly fuels, are having a major impact on Gazpromneft Marine Bunker’s long-term development strategy. In order to strengthen our market-leading position and ensure competitiveness over the next few years we are, already, expanding our fuel portfolio to include cutting-edge and high-technology oil products, and are working on mechanisms to establish a new and promising niche in LNG bunkering in Russia.”

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