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Gazprom to Prepare Investment Plan for Producing, Exporting 'Green Gas' (Russia)

9/28/2013

Gazprom (RTS: GAZP) is selecting a contractor to prepare an "investment plan for a project to produce 'green gas' in Russia with the possibility of organizing its subsequent export to the European Union." The study is being conducted pursuant to a memorandum Gazprom signed in 2011 with Gasunie, BioGazEnergoStroy and Evrotekhnika on the joint implementation of a project to produce 'green gas' from organic materials that meets the standards for natural gas and export it to the EU. The term green gas does not simply apply to biomethane, but to gas whose 'green' origin is confirmed by EU certification. Such gas is sold in Europe at a premium of about 15-20% to regular natural gas.

Source: DownstreamToday.com

 
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