OMV Petrom enters the liquefied natural gas distribution market

OMV Petrom, the largest energy company in South-Eastern Europe, has obtained a license to commercialize liquefied natural gas, thus diversifying its activities on the gas market and related products.

Franck Neel, member of the OMV Petrom Executive Board, responsible for Downstream Gas: “OMV Petrom’s entry on this market is a natural development. We believe that natural gas plays an essential role in the energy transition of Romania, especially due to the fact that we can access these resources. Natural gas has multiple applications in power production, transportation and industry, and can also contribute to reducing emissions and strengthening energy security. And liquefied natural gas represent a cleaner solution for the mobility sector.”

Following liquefaction, natural gas can be safely stored and transported on very long distances, with a high degree of economic and energy efficiency. The liquefied natural gas can be used in the mobility sector as an alternative to conventional fuels, providing a cleaner alternative with emissions of up to 15% less CO2, 50% less nitrogen oxide, and also 50% less noise compared with diesel trucks.

Liquefied natural gas is also a solution for the supply of the areas that are not connected to natural gas transmission networks. In terms of industrial uses, the liquefied natural gas can be utilized as energy source, providing added efficiency and operability.