Enagas, Edison ink small-scale LNG pact

Spain’s Enagas and Italian energy group Edison are joining forces to develop the small-scale LNG market in the Mediterranean.

The duo will develop an LNG supply chain from Enagás’ Mediterranean terminals, led by the Barcelona plant, to Edison customers.

As part of the cooperation, Scale Gas Solutions, a small-scale LNG unit of Enagas, purchased a 19% stake from Edison in a small facility currently under construction in the Italian port of Ravenna.

Following the transaction, Edison will have 30% while Scale Gas will have a 19% stake in the Depositi Italiani GNL. Italy’s PIR Group will remain the operator with a 51% stake.

The Ravenna facility is more than 70% complete and the partners plan to launch the project in October 2021.

It will have a storage capacity of 20,000 cbm and an annual handling capacity of over 1 million cbm.

This is sufficient to supply about 12,000 trucks and up to 48 ferries per year.

Small-scale LNG key to decarbonization

The duo consider small-scale LNG to be a “key solution towards sustainable mobility.”

They see LNG helping achieve the ambitious environmental targets set at the international level for the transport sector.

Pierre Vergerio, Edison’s VP of gas midstream, energy management and optimization said this transaction has a “significant strategic value.”

He added that the deal strengthens the small-scale cooperation between the two players which started more than two years ago.

Enagas CEO Marcelino Oreja said that collaborating in projects like this would allow the development of solid logistics chains from its terminals.

Furthermore, it will promote, in accordance with EU directives, the implementation of sustainable mobility thanks to LNG in the Mediterranean, he said.

Most Popular

McDermott bags Monkey Island LNG gig

Houston-based McDermott has secured a contract from Monkey Island LNG for its planned natural gas liquefaction facility in Cameron Parish, Louisiana.

Gazprom supplying gas from Kaliningrad FSRU

Gas giant Gazprom has completed tests at its 174,000-cbm FSRU Marshal Vasilevskiy off Russia's Kaliningrad, located between Lithuania and Poland. The firm said...

GTT develops new LNG fuel tank

French LNG containment giant GTT has developed a new cubic-shaped LNG fuel tank for commercial vessels, with a particular focus on LNG-fueled container vessels.

More News Like This

Spanish LNG imports rise in August

Spanish liquefied natural gas (LNG) imports continued to rise in August compared to the previous year, with the US supplying the majority of the volumes.

Shell pens US LNG supply deal with Edison

UK-based LNG giant Shell has signed a long-term deal to supply US LNG to Italian energy firm Edison, a unit of EDF.

Spanish LNG imports continue upward trend

Spanish liquefied natural gas (LNG) imports continued to rise in July compared to the previous year, with the US, Angola, and Nigeria supplying the majority of the volumes.

Axpo joins forces with Enagas on Spanish bio-LNG bunkering op

Switzerland’s Axpo has joined forces with Spain's Enagas to complete what it says is Spain's first ship-to-ship bio-LNG bunkering operation at the port of Algeciras in the large container shipping industry.