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Gazprom Neft expands the geographic coverage of its Smart Fuel blockchain platform

Gazpromneft-Aero, operator of the Gazprom Neft aviation refuelling business, has begun deploying its own Smart Fuel digital platform (facilitating instant payments in “wing-tip” aviation refuelling) at Russian airports — Tolmachevo International Airport, Novosibirsk, now being connected to the Gazprom Neft blockchain based system, where the Smart Fuel platform is already being used to service Utair and Smartavia flights.

The Smart Fuel platform is Russia’s first digital system for improving efficiency in aviation refuelling operations. Blockchain system architecture uses immutable smart-contract algorithms that store information about a transaction and the parties involved. Refuelling orders, payments and the exchange of accounting information (electronic data interchange (EDI)) all occur online through apps held on tablets operated by the aircraft pilot and the refuelling operator, reducing settlement times between fuel operator and airline from four or five days to 15 seconds.

Gazprom Neft’s Smart Fuel digital system has been officially registered as a Russian software programme by the Ministry of Digital Development, Communications and Mass Media of the Russian Federation. The system is expected to be deployed at other Russian airports operating Gazprom Neft aviation refuelling complexes by the end of 2021. The Smart Fuel project is being implemented in partnership with VTB Bank and Raiffeisen Bank.

“Gazpromneft-Aero has completed more than 300 ‘wing-tip’ refuelling operations for regular flights, and sold more than 1,000 tonnes of aviation fuel, since launching its Smart Fuel blockchain platform. This is an effective digital tool for both fuel suppliers and airlines, who can cut costs in aviation refuelling. We are open to collaboration and are ready to offer Russian airlines all necessary technical and specialist support in connecting to the Smart Fuel platform.”
Vladimir Egorov
Vladimir Egorov Director General, Gazpromneft-Aero
“The Smart Fuel system allows direct online payments in refuelling aircraft, significantly cutting labour costs in processing settlement and other financial documents. This solution makes it possible to operate without payments in advance, and without having to freeze funds in suppliers’ accounts — ultimately increasing efficiency in aviation refuelling. Refuelling using Smart Fuel is a pilot project in Novosibirsk: going forward we plan to connect other airports in Russia to the system. Maximum impact is going to be achieved if the system is rolled out across the entire industry.”
Andrei Semenov
Andrei Semenov Deputy CEO and Senior Operations Director, Utair

Gazpromneft-Aero holds the leading position in the Russian aviation fuels market in terms of retail sales. The company’s clients include more than 260 Russian and international airlines, including Aeroflot, Ural Airlines, S7 Airlines, Royal Flight, Volga-Dnepr and others.