Russia's Gazprom in moves to develop CNG refuelling network in Europe
Fri 27 June 2008
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Gazprom, Russia's state-controlled gas company, has proposed the establishment of a network of compressed natural gas (CNG) filling stations for cars across Europe. The company says that running cars on natural gas could be an effective and significantly cheaper alternative to petrol and diesel for which prices have reached record highs.
Gazprom's Chief Executive Alexei Miller (reported by Platts) said: "I would like to announce Gazprom's new initiative. We are offering our European partners to consider together a project to set up an extensive network of natural gas filling stations in Europe with Gazprom's participation."
Miller announced the proposals at Gazprom's annual shareholder meeting in Moscow. He said : "There is no any real alternative for the use of hydrocarbons at present or in the next decades" adding: "an attempt to replace motor fuel with biofuels has lead to a threat of the global food crisis." (sic)
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