Page 16 - GLNG Week 20 2021

GLNG NEWS IN BRIEF GLNG

burning fuel options currently available for liquefied natural gas, and plans to produce Flex LNG enters into time
shipping operations. Sovcomflot calculates modern freight trucks of a new generation in
that since 2018, LNG fuel has helped reduce the near future, which will also use LNG as charter party agreement for
the total CO2 emissions of these six ‘Green fuel. Other automakers also demonstrate their
Funnel’ tankers by over 56,000 tonnes or by interest in the possibility of refueling with Flex Constellation
over 14% annually on average. liquefied natural gas at the existing Tatneft’s
SOVCOMFLOT, May 20, 2021 network of filling stations. Flex LNG, has today agreed a Time Charter
Tatneft is constantly improving Agreement with a minimum firm period
Tatneft and Kamaz will performance characteristics of the produced of three years on prompt basis for the LNG
oil products and petrochemical products
carrier Flex Constellation. The Charterer,
launch a joint network of in the context of the community’s growing a leading trading house, has the option to
demand for clean and affordable energy.
extend the period by up to three additional
LNG filling stations Tatneft has been developing infrastructure years bringing the total period to six years.
Flex Constellation is a 173,400 cbm LNG
for electric vehicles at the company’s filling
The filling stations network of Tatneft and stations since 2015. Carrier delivered from DSME to Flex LNG
Kamaz are launching filling complexes with The retail and sales network of Tatneft is in 2019. She is fitted with MEGI propulsion
units for filling with liquefied natural gas. expanding both through new construction system and Partial Reliqufaction System
The plans provide for the project to and the acquisition of existing facilities, the (PRS).
be implemented at the existing retail and proposal of refuelling services covering the Øystein M Kalleklev, chief executive officer
distribution network facilities located on busy range from traditional fuels to LNG and of Flex LNG Management, commented: “We
sections of federal highways M-5, M-7 and the electricity, as well as related services is are pleased to announce another attractive
M-10. Customers will be able to appreciate increasing. time charter with a leading LNG player for
three LNG filling stations of Tatneft already The Tatneft Group is implementing one of our existing ships. This is very much
this year, while 11 more stations are planned projects focused on reducing the carbon in line with our communicated strategy of
to be opened in 2022. footprint. Sustainable development goals and securing attractive term charters to improve
The environmental friendliness and international standards in the area of climate our earnings visibility. With the improved
efficiency of LNG were highly appreciated initiatives have been integrated into the freight market for LNG we think the timing
by the leading car manufacturers in Russia company’s business processes. now is right to execute on this strategy.”
and Europe. The Tatarstan automobile TATNEFT, May 19, 2021 FLEX LNG, May 17, 2021
manufacturing giant Kamaz has successfully
started the production of vehicles, which use

P16 www. NEWSBASE .com Week 20 21•May•2021