Scandinavian Biogas pens bio-LNG supply deal

Sweden-based Scandinavian Biogas said it had signed a multi-year deal to supply bio-LNG to the transport sector in Sweden and the Nordic region.

The agreement runs over several years and deliveries of liquefied biogas or bio-LNG would begin in 2023, according to a statement by Scandinavian Biogas.

Scandinavian Biogas said the deal is worth about 300 million Swedish crowns ($28 million) at today’s market prices.

The firm said it would provide bio-LNG from its production facilities in Sweden, but it did not provide any additional information regarding the deal.

“Our biogas is a 100 percent renewable Swedish product. It is a step towards making Sweden less dependent on fossil natural gas,” Matti Vikkula, CEO Scandinavian Biogas, said in the statement.

Scandinavian Biogas has been very active this year developing its bio-LNG business.

The firm set a long-term target to reach an annual production capacity of 3 TWh of biogas, mainly bio-LNG, in Europe by 2030.

In June, the firm signed a large bio-LNG deal with German fueling station operator Alternoil.

During the same month, it secured about $15 million from the government to build a bio-LNG plant in southern Sweden.

Also, Wartsila said in August that the Skogn bio-LNG plant in Norway had doubled liquefaction capacity following the launch of the second train.

The facility operated by Norway-based Biokraft, a unit of Scandinavian Biogas, is the largest plant owned by Scandinavian Biogas.

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