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Nov 29, 2023 11:00 EEST
November 29 (SeeNews) - Romanian oil and gas group OMV Petrom [BSE:SNP] said on Wednesday that it has partnered with Vulcangas, the local subsidiary of Italy's Societa Italiana Gas Liquidi, to open liquefied natural gas (LNG) and compressed natural gas (CNG) filling stations within OMV Petrom's network.
The first LNG/CNG filling station will become operational by 2025 and will be located at a Petrom filling station in the county of Ilfov, OMV Petrom said in a press release.
Opening more filling stations of this kind will depend on the evolution of the LNG and CNG demand in Romania, the company said.
LNG/CNG freight transportation generates about 15% less CO2 emissions, 50% less SOx emissions and almost no heavy particulate emissions, OMV Petrom said.
Vulcangas Romania operates a network of gas stations and storage facilities in Romania. It is owned by Societa Italiana Gas Liquidi, which is a supplier of natural gas and LPG solutions in Italy.
Austria's OMV Aktiengesellschaft holds a 51.157% stake in OMV Petrom. The Romanian economy ministry owns 20.698% and 28.145% is free float on the Bucharest bourse and the London Stock Exchange.
Shares in blue-chip OMV Petrom traded 1.01% higher at 0.549 lei ($0.12/0.11 euro) by 0910 CET on Wednesday on the Bucharest bourse.
(1 euro=4.972 lei)
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