Sovcomflot and Russian Ministry of Natural Resources sign cooperation agreement
On 12 September 2018, during the 4th Eastern Economic Forum, Sovcomflot Group and the Russian Ministry of Natural Resources and Environment signed an agreement on the development of long-term cooperation, ensuring environmental safety and preserving the natural environment of the Russian Arctic zone.
According to Sovcomflot’s press release, the document was signed by Sergey Frank, President and CEO of PAO Sovcomflot, and Dmitry Kobylkin, Russian Minister of Natural Resources and Environment.
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, the development of other “green technologies,” as well as information exchange and joint activities to prevent substandard navigation in the Arctic seas.
Sergey Frank, President and CEO of Sovcomflot, noted:
“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.”
PAO Sovcomflot (SCF Group) is one of the world's leading shipping companies, specialising in the transportation of crude oil, petroleum products, and liquefied gas, as well as the servicing of offshore oil and gas exploration and production. The company’s own and chartered fleet includes 147 vessels with a total deadweight of 12.7 million tonnes. 79 vessels have an ice class.
Sovcomflot is involved in servicing large oil and gas projects in Russia and around the world: Sakhalin-1; Sakhalin-2; Varandey; Prirazlomnoye; Novy Port; Yamal LNG, and Tangguh (Indonesia). The company is headquartered in Saint Petersburg, with offices in Moscow, Novorossiysk, Murmansk, Vladivostok, Yuzhno-Sakhalinsk, London, Limassol, and Dubai.
