Bunkering

Bunkering (mn t) Source: Company data

The Company provides bunkering for ships at all key sea and river ports in the Russian Federation (20 sea and 14 river ports). At present, Gazprom Neft has the most extensive geographical operations in Russia among all domestic bunkering companies. The Company’s clients include major Russian and foreign shipping companies. Besides Russia, the Company provides bunkering in the port of Constanta (Romania) and the port of Tallinn (Estonia). The Company’s fleet consists of nine bunkering tankers.

Gazprom Neft further expanded the geography of its operations last year as it started providing bunkering for the Arctic fleet transporting oil from the Novoportovskoye field and also conducted its first bunkering at the ports of Ust-Luga and Bronka (St. Petersburg).

The domestic bunkering market continued to shrink in 2016 due to diminished demand for bunkering from companies that own major container vessels. As a result, market capacity decreased by 25.3%. As of the end of the year, the Company’s market share stood at 19.1%.