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Gazpromneft-Marine Bunker achieves Russian market share of 23% during 2021

18 Feb 2022

Gazpromneft-Marine Bunker, operator of Gazprom Neft’s marine bunkering business, on Thursday (17 February) said the company has further consolidated its market leadership of marine fuels in Russia by achieving a market share of 23% during 2021.

In 2021, the firm delivered more than 1 million metric tonnes (mt) of low sulphur fuel (with less than 0.5% sulphur content) while total sales on the domestic bunkering market was recorded at being 1.6 million mt.

Gazprom Neft increased deliveries of marine fuels to ports in the North–West Federal District in 2021, showing record growth of 26% in sales of marine fuels at the ports of Murmansk and Archangelsk, where the company handles the refuelling of major carriers on the Northern Sea Route as well as fleets servicing major infrastructure projects in the Arctic.

“The trend towards lower use of heavy petroleum products in favour of environmentally friendly marine fuels continued throughout 2021,” said Alexey Medvedev, Director General, Gazpromneft Marine Bunker.

“Our market offering is fully in line with this trend – low-sulphur fuels already account for more than 60% of total sales, and are expected to increase further in the medium term in line with the recovery in passenger and freight traffic.

“Together with our partners we are, already, looking into options for expanding our product range on the basis of the potential use of LNG, and, going forward, the use of alternative environmentally friendly fuels.”

Related: Gazprom Neft completes construction of Russia’s first LNG bunkering vessel “Dmitry Mendeleev”
Related: Moscow Oil Refinery of Gazprom Neft starts production of 0.5% sulphur content bunker fuel
Related: Gazprom Neft gains 20% share of Russian low sulphur bunker fuel market in 2020
Related: Gazpromneft reports 34.4% fall in 1H bunker fuel sales but sees market share increase
Related: Gazpromneft Marine exceeds 15,000 mt bunker fuel sales in Q1 at Constanta, Romania
Related: Gazprom Neft IMO 2020 compliant bunker sales up by 47% in 2019
Related: Gazprom Neft commences commercial production of VLSFO

 

Photo credit: Gazpromneft-Marine Bunker
Published: 18 February, 2022

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