Date: 5 months ago   Category: Energy

Rosneft and the Chinese Beijing Gas will create network of gas gas stations in Russia — Rambler News Service


Rosneft and the Chinese company Beijing Gas Group Company Limited have signed the agreement fixing the main conditions of creation of the joint venture (JV) for construction and operation in Russia of network of automobile gas-filling compressor stations (CNG filling stations), Rosneft reports. The agreement has been signed at East economic forum. Under the terms of the agreement of the party plan to construct in Russia more than 160 filling stations, also the possibility of use of LNG as gas motor fuel is discussed. "Creation of network of gas stations for the cars using gas motor fuel <...> there corresponds to strategy Rosneft-2022 and to an order of the President of Russia about need of development of this direction" — the head of Rosneft Igor Sechin has noted. Beijing Gas is included into Beijing Enterprises Group Limited group of companies and is leading company in the field of supply of natural gas, construction of gas infrastructure and power generation in the Beijing region. The company operates more than 20 gas projects in China and also is the owner of the sea terminal on storage and transfer of SUG in Guadao design capacity of 6 million tons per year. In June, 2017 Rosneft and Beijing Gas Group Company Limited have closed the transaction on sale of 20% of stocks of the Verkhnechonskneftegaz company to the Chinese company. The price of the acquired share was about $1,1 billion.

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