Rosneft Signs Agreements with VW and Kamaz to Boost Gas Engine Fuel Market

| Russia, Moscow

Russian oil and gas company OJSC Rosneft and LLC Volkswagen Group Russia have signed an agreement aimed at the development of the compressed natural gas (CNG) market in Russia, as well as the CNG-powered vehicles market. Rosneft has also signed an agreement on scientific and technological cooperation with vehicle manufacturer KAMAZ Truck Sp. z o.o. to expand use of natural gas as motor fuel. The agreements follow in the wake of the Russian Government’s decree to push NGV industry growth.

OJSC Rosneft and  LLC Volkswagen Group Russia

The agreement, signed by Rosneft President Igor Sechin and General Director of LLC Volkswagen Group Russia Markus Osegowitsch, envisages the development of CNG filling infrastructure, equipment of Rosneft filling stations with facilities to provide CNG sales, as well as bringing to the market CNG-powered vehicles of Volkswagen, Audi, ŠKODA and VW Commercial Vehicles.

The parties also intend to develop service infrastructure for CNG-powered vehicles, supply special equipment to service stations and train personnel.

Both companies are partners of the 2014 XXII Olympic and XI Paralympic Winter Games in Sochi and attach special importance to promoting CNG as economic and environmentally friendly fuel.

OJSC Rosneft and OJSC KAMAZ

These companies intend to conduct joint research and development in order to build wheeled vehicles with gas-powered engines and develop necessary infrastructure of filling stations and service centers. Besides, they plan to produce and put vehicles, special and farm machinery to CNG and LNG (Liquefied Natural Gas), which will be used as a new motor fuel.

Similar to the VW agreement, there is provision for training and professional development of engineer and technical staff, mechanics and drivers in operation, maintenance and repairs of gas-powered vehicles and machinery.

The parties will create a steering group to develop coordinated approaches toward implementation of top priority pilot and prospective projects.

(Source: Rosneft)

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