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.

- Advertisements -

Most Popular

EIG hires Shell’s Venter as CEO of its LNG unit

US-based energy investor EIG said it has named Shell's De la Rey Venter as chief executive officer of its...

Tellurian: early works progress at Driftwood LNG site

US LNG firm Tellurian and compatriot engineer Bechtel are moving forward with early site works for the Driftwood LNG...

Czech firm books capacity at Dutch Eemshaven LNG import hub

The Czech Republic, in cooperation with CEZ Group, has booked regasification capacity at Gasunie's LNG import hub in Eemshaven,...

More News Like This

Enagas joins forces with Repsol and CMA CGM’s Containerships for Spanish LNG bunkering op

Spanish LNG terminal operator Enagas said it has teamed up with compatriot energy firm Repsol and CMA CGM's Containerships...

Spain’s Enagas says regas volumes up 81 percent in Q1

Spanish LNG terminal operator Enagas reported an 81 percent increase in its regasification volumes to 77.3 TWh in the...

Elpedison plans new Greek FSRU project

Elpedison, a power firm owned by Greece's Hellenic Petroleum and Italy's Edison, has revealed plans to install a floating...

Knutsen’s LNG bunkering newbuild gets two tanks in Spain

Spain’s Armon Gijon is moving forward with the construction of Knutsen’s 5,000-cbm LNG bunkering ship and the vessel recently...