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Gazprom Neft Marine Bunker posts 10% rise in 2018 sales volume

12 Mar 2019

Gazprom Neft Marine Bunker, the operator of Gazprom Neft’s bunker business, on Monday (11 March) said it sold 2.9 million tonnes (mt) of marine fuel in 2018, having increased by 10% when compared to figures for 2017. 

Growth in retail and small wholesale sales was driven by positive sales dynamics in the North-West and Black Sea regions, it notes.

In particular, sales of environmentally friendly marine fuels with a sulphur content below 0.1% increased by 26% in 2018 reaching 200,000 mt.

In the medium term, Gazpromneft Marine Bunker says it plans to expand the product line of marine fuels through the use of liquefied natural gas. 

In 2018, the company initiated the introduction of the international standard for LNG bunkering into the practice of Russian shipping, and also began to develop a unique industry project to build the first Russian LNG bunker company.

“The shipping industry is on the verge of significant transformation,” said Gazpromneft Marine Bunker’s General Director.

“The new MARPOL standards and the growing market demand for environmentally friendly fuels have a key influence on the long-term development strategy of Gazpromneft Marine Bunker. 

“In order to strengthen our leading positions and ensure competitiveness over the coming years, we are already expanding the fuel portfolio with modern and high-tech petroleum products and working on mechanisms for developing a new promising LNG bunkering area in Russia.”

Related: Gazprom Directors discuss prospects of LNG bunkering market
Related: Gazpromneft Marine Bunker adopts ISO LNG bunkering standard
Related: Gazprom Neft Marine Bunker increases sales volume in H1
Related: CAA: Gazpromneft expects to halt fuel oil use from 2025
RelatedGazpromneft Marine Bunker receives fuel supplier award
RelatedGazpromneft Marine Bunker publishes 2017 report

Photo credit: Gazprom Neft Marine Bunker
Published: 12 March, 2019

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