OMV Petrom SA: successfully completed the first delivery of liquefied natural gas (LNG) in Romania
OMV Petrom successfully completed the first delivery of liquefied natural gas (LNG) to Romania
- The volume supplied the first LNG-powered vessel built in Romania
OMV Petrom, the largest energy company in South East Europe, has made the first delivery of LNG to Damen Shipyards Mangalia, the largest shipyard in South East Europe. The product was used to power a ship equipped with LNG engines. It is the first ship of this type, built in Romania, at the Damen shipyard, in Mangalia.
Radu Căprău, member of the Management Board of OMV Petrom, responsible for Aval Oil: “The transport sector, which plays a key role in the mobility of goods and people, is also one of the sectors where effective and comprehensive measures to reduce emissions are needed. OMV Petrom is and will continue to be part of the solution, with a mixed product portfolio that meets the mobility needs of our country. The first delivery of LNG to Romania is another step we are taking to expand the offer of low-emission transport products ”.
Franck Neel, member of the OMV Petrom Management Board, in charge of Downstream Gaz: “In the context of the energy transition, the use of LNG in transport and industry can lead to a significant reduction in carbon emissions and pollutants. Romania has significant potential for natural gas, and harnessing it, including liquefaction, opens up new horizons for the Romanian economy and contributes to the goals of the climate agenda. ‘
Florin Spătaru, member of the Board of Directors of Damen Shipyards Mangalia: “We are delighted to see the collaboration between two industry leaders in Romania and beyond, which made a first possible: this is the first time that such a vessel has been built in Romania and it proves that the Romanian naval industry is able to implement innovative projects at high technological level ”.
The first LNG delivery to Romania, carried out by OMV Petrom, for the first time involved coordinating and managing a complex process in which several partner companies were involved, while respecting all security measures. This resulted in two separate transports of two tankers each, which supplied the tank of the first LNG-operated vessel in Romania.
By cooling natural gas to -162 ° C and liquefying, it reduces its volume by about 600 times compared to the gaseous state. Thus, it can be safely stored and transported over very long distances, with higher economic and energy efficiency. LNG is a transitional alternative for cleaner transport, especially for transport segments that are more difficult to decarbonize, such as heavy road freight and naval transport. By using LNG in transportation, CO2 emissions are reduced by 15%, nitrogen oxides emissions by 50% and heavy particles are 99% lower.
In addition, LNG does not generate sulfur emissions and thus complies with the strict provisions of the International Maritime Organization.
About OMV Petrom
OMV Petrom is the largest integrated energy company in South-Eastern Europe, with an annual production of hydrocarbons for the Group of 53 million boe in 2020. The Group has a refining capacity of 4.5 million tonnes per year and operates an 860 MW high efficiency power plant. The Group is present on the retail petroleum products market in Romania and in neighboring countries through 789 service stations, at the end of June 2021, under two brands – OMV and Petrom.
OMV Aktiengesellschaft, one of the largest listed industrial companies in Austria, has a 51% stake in OMV Petrom. The Romanian State, through the Ministry of Energy, holds 20.6% of the shares of OMV Petrom, Fondul Proprietatea holds 7% and 21.4% is the float of the Bucharest Stock Exchange and the London Stock Exchange.
OMV Petrom is the largest contributor to the state budget, with contributions of around € 32 billion in taxes and dividends paid between 2005 and 2020.
Since 2007, OMV Petrom has integrated the principles of corporate responsibility into its business strategy. Between 2007 and 2020, the company allocated around 72 million euros for the development of communities in Romania, focusing on environmental protection, education, health and local development.
On July 29, 2020, OMV Petrom announced its support for the recommendations issued by the Task Force on Climate-related Financial Disclosures (TCFD) regarding the risks and opportunities associated with climate change.
OMV Petrom SA published this content on September 17, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on September 17, 2021 08:31:06 AM UTC.