PAO NOVATEK announced that its wholly owned subsidiary, Novatek Green Energy, has launched its first carbon-neutral1 LNG fueling station in Rostock in Germany. As part of NOVATEK’s long-term strategy, the Company plans to build a network of LNG fueling stations in Europe to provide heavy duty transport with clean fuel at key transport connecting points between Germany and Poland. Currently, the Company operates a network of six LNG fueling stations in the European market as well as 19 regasification facilities.
Carbon neutral offsets from a carefully selected portfolio of emission reduction projects, including wind generation projects in developing countries, will be used to compensate for the LNG’s carbon footprint sold to end-customers. The certification of emission reduction projects will be performed in accordance with the authoritative international standard Verified Carbon Standard or VCS.