News/09

TENCITY Energiehandel GmbH attended the events around IE Week in London, 27-29 February 2024. Europe’s premier energy event, IE Week gathered the key players of the industry from all over the world.

“With the focus of European energy supply shifting to transatlantic trade and cooperation, London is resurgent as the energy trade hub. IE Week is a great framework for meeting our US, British and international partners. TENCITY had a cordial and productive experience, laying the groundwork for reliable supply of diesel and gasoil from the world’s leading refining hubs”, noted Mr. Alexey Kornienkov, TENCITY’s head of strategy.

TENCITY Energiehandel GmbH took part in eKKon 2024 in Vienna, the e-fuels conference gathering the leading Austrian fuel suppliers and academia. E-fuels (also known as synthetic fuels) are seen as an important contribution to a zero emissions future.

“Being a modern market player, TENCITY is following all the key innovations that impact our business. The EU already requires inclusion of renewables like FAME and UCOME into the motor fuels. E-fuels are a natural next step, and we believe they will become an important part of European energy supply. TENCITY will continue to expand our products portfolio with low emission and renewable solutions”, highlighted Mr. Dmitry Brodskiy, managing director of TENCITY.

Following the establishment of a trading entity in November of 2023, TENCITY successfully met all the prerequisites needed for physical trading of diesel and gasoil in Germany and CE countries. In January 2024, TENCITY started supplying B0 diesel fuel to European customers. The product was delivered by rail and is fully compliant with seasonal German specification.

Mr. Dmitry Brodskiy, managing director of TENCITY Energiehandel GmbH, said: “We are proud to reach agreements with our counterparties within a relatively short time, enabling first delivery in January. Our focus is on further expansion, both in terms of volume and the number of customers served.”