Russia’s largest shipping company Sovcomflot and the Russian Ministry of Natural Resources and Environment signed an agreement on the development of long-term cooperation, including liquefied natural gas (LNG) as fuel, in the Russian Arctic zone.
The document was signed by Sergey Frank, President and CEO of Sovcomflot, and Dmitry Kobylkin, Russian Minister of Natural Resources and Environment, in Vladivostok.
“The agreement, in particular, provides for the development of proposals for the implementation of comprehensive measures to stimulate the use of new environmentally friendly types of marine fuel, primarily LNG,” Sovcomflot said in its statement.
It also includes the development of other green technologies, as well as information exchange and joint activities to prevent substandard navigation in the Arctic seas.
“Strengthening the interaction between business and government agencies to protect the fragile environment of the Arctic is becoming critically important amidst increasing traffic along the Northern Sea Route,” Frank said in the statement.