Italy’s Ravenna small-scale LNG terminal launched

Italy’s PIR and Edison, and Spain’s Enagas have officially launched the new small-scale LNG terminal in the port of Ravenna.

The commercial launch comes after the 30,000-cbm Ravenna Knutsen, owned by Knusten and chartered by Edison, delivered the maiden cargo from Spain to the facility last month.

Edison will use this vessel to supply LNG to the facility operated by Depositi Italiani GNL, a joint venture in which PIR Group is the majority owner with a 51% stake. Edison has a 30% stake while Enagas’ unit Scale Gas owns a 19% stake in the JV.

The partners invested around 100 million euros ($116 million) in the Ravenna facility.

It has 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.

“Over the course of its operating life, estimated to be 25 years, the terminal will prevent the emission of 6 million tons of CO2 and eliminate particulates and sulfur oxide emissions,” the partners said in a joint statement on Tuesday.

Also, the partners would sell the terminal’s storage capacity to third parties.

DIG would sell about 15 percent of the capacity while Edison would sell 85 percent of the capacity to end-users as an integrated operator along the entire chain, from LNG procurement to its distribution and sale to refueling stations, they said.

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