Rosneft, Beijing Gas to build 170 CNG stations in Russia
The Russian and Chinese companies have formed a joint venture to develop a strong network of compress natural gas refuelling stations.
Rosneft and Beijing Gas Group Company Limited have set up a joint venture for construction and operation of a network of CNG stations in Russia with the Chinese company owning a 45% share.
Through this joint venture they will build about 170 CNG stations in Russia, and consider the options of using LNG as a motor fuel. The document will enable the development of strategic cooperation between the partners in the use of natural gas as an ecological fuel, according to a press release.
The development of the CNG station network in Russia is among key priorities of Rosneft's retail business.
Beijing Gas belongs to Beijing Enterprises Group Limited and is a leading company in the area of natural gas supplies and power infrastructure construction in the Beijing region. It manages over 20 gas projects in the People's Republic of China.
