Stolt-Nielsen says Avenir LNG’s Italian terminal to launch in May

Norwegian shipping group Stolt-Nielsen expects Avenir LNG’s Higas small-scale terminal located on the Italian island of Sardinia to go online next month.

The firm is a shareholder in London-based small-scale player Avenir LNG along with Hoegh and Golar.

Stolt-Nielsen said on Thursday in its first-quarter report that the terminal in Sardinia should start operations in May.

Avenir LNG holds an 80 percent stake in the terminal developer Higas while the Italian engineering firm Gas and Heat, who is also the EPC contractor, has a 10 percent stake.

CPL Concordia also holds 10 percent share in the storage, regasification and distribution facility in the Port of Oristano.

Higas started building the $43.2 million terminal in Sardinia, first such facility in Italy, in 2018 and previously expected to launch it in the second half of 2019 but it pushed forward the start of commercial operations several times.

Gas and Heat said in an update last month it had fully completed the facility.

The terminal features six horizontal low-pressure cryogenic Type C tank storage tanks with a total capacity of 10,800 cbm but it will also have a dedicated 7,500-cbm Avenir LNG carrier.

It will load up to 8,000 LNG trucks per year – equivalent to 180,000 tons per year – via two loading bays.

Additionally, the LNG would mainly go for use as fuel for automotive, industrial, civil and marine industries.

The terminal will also have a connection to a natural gas pipeline system that will allow the fuel to be distributed to local industry.

Spain’s Reganosa will maintain and operate the terminal as part of a deal revealed in February.

- Advertisements -

Most Popular

QatarEnergy seals $6 billion deal with Chinese shipbuilder for 18 giant LNG carriers

State-owned LNG giant QatarEnergy has signed a major shipbuilding deal worth $6 billion with China State Shipbuilding Corp for...

NFE says ‘minor mechanical issue’ will not affect Altamira LNG launch

US LNG player New Fortress Energy said that "a minor technical issue" which took place last week on one...

TotalEnergies CEO: Mozambique LNG restart is not a matter of costs

French energy giant TotalEnergies had "good" discussions with Mozambique LNG contractors and they agreed not to inflate the costs...

More News Like This

Avenir orders two large LNG bunkering vessels in China

UK-based small-scale LNG player Avenir has ordered two 20,000-cbm LNG bunkering and supply vessels at China's CIMC SOE. The joint...

Report: Egypt’s EGAS charters Hoegh LNG’s FSRU

The Egyptian Natural Gas Holding Company (EGAS) has chartered Hoegh LNG's floating storage regasification and storage unit, Hoegh Galleon,...

Avenir wraps up first STS LNG bunkering op in Lithuania’s Klaipeda

UK-based small-scale LNG player Avenir has completed the first ship-to-ship LNG bunkering operation in the Lithuanian port of Klaipeda. The...

Golar LNG appoints new chief commercial officer

Floating LNG player Golar LNG has appointed Federico Petersen as its new chief commercial officer. "Federico has 20+ years of...