Rosneft and Tegas Agreed on Cooperation in the Gas Fuel Sector
Rosneft and Tegas signed a Cooperation Agreement to expand use of natural gas as motor fuel within the St.Petersburg International Economic Forum.
The document establishes procedures and terms of cooperation between the parties as part of measures to expand the use of Tegas manufactured compressor equipment by the Company. The parties also express their interest to join efforts to develop the market for natural gas as motor fuel and coordinate their actions to develop a gas-fueling stations network and expand the natural gas driven fleet.
After the signing, Igor Sechin said: “Implementation of this Agreement will make a valuable contribution to developing the market for this environmentally oriented fuel and will help to substitute imported process equipment to ensure strategic security and development of the national manufacturing”.
TEGAS President Igor Voroshilov noted that Rosneft, guided by good judgment and pragmatic approach, made the right choice of strategic partner to develop manufacturing of gas motor fuel equipment.
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Notes for editors: Rosneft is the main participant in the Federal Program for expanding use of natural gas as motor fuel in Russia. The Company entered into a number of Cooperation agreements with Russian entities aimed at expanding use of natural gas as motor fuel. Developing a gas-fuelling infrastructure in Russia One of Rosneft's main objectives. The wider use of natural gas in the transportation segment provides considerable fuel cost savings and reduces negative impact on environment. TEGAS is Russia's leading manufacturer of high pressure compressor / gas separating equipment that has a fully integrated in-house production cycle. TEGAS's strategic objective is to increase the share of domestically produced hardware, particularly in the global gas-fuelling station market. Based on 2009-2013 results, TEGAS is Russia's most dynamically developing private machine-building company. |
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June 18, 2015
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