PVGAZPROM NGV and Tretiy Park Sign Cooperation Agreement

October 8, 2021 15:55
PVGAZPROM NGV and Tretiy Park have entered into a Heads of Agreement for Cooperation at Saint Petersburg International Gas Forum 2021. Andrey Bogachev, General Director of PVGAZPROM NGV, and Kirill Dyakovskiy, General Director of Tretiy Park, have signed the document in the presence of Sergey Tumanov, Managing Director of Gazprom EP International.
The Agreement establishes a long-term partnership aiming at joint development of the prospective project under which LNG will be used as fuel for public transport in the Socialist Republic of Vietnam.

“Over the years, together with the Vietnamese side, we have been making serious efforts to expand the NGV market in Vietnam and promote LNG as an alternative fuel. We are glad to enter into the partnership agreement with the Russian transport company, which has already successfully switched its bus fleet from diesel to LNG. There is no doubt in my mind that Tretiy Park's experience will be very helpful and our cooperation will be productive and mutually beneficial”, said Sergey Tumanov.

Background

Gazprom`s interests in Vietnam are represented by Gazprom EP International, a specialized company for overseas projects on exploration, production, power generation and LNG.

A Russia-Vietnam joint venture PVGAZPROM Natural Gas for Vehicles was established in 2015. The joint venture consists of Gazprom EP International B.V. (71%) and PETROVIETNAM GAS (29%). It implements a joint Russia-Vietnam project on production and sales of natural gas as motor fuel in the Socialist Republic of Vietnam. The project aims to advance the efficiency of Vietnamese transport system, improve the environmental situation and promote the infrastructure development in Vietnam.

Petrovietnam is engaged in the exploration, production, processing, transportation and sales of hydrocarbons.

Tretiy Park is one of the largest transport companies in the North-West region of Russia with a sixty-year history. In 2021, Tretiy Park became the first bus fleet in Russia to implement the unique concept of complete conversion of its vehicles from diesel to NGV.