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.

- Advertisements -

Most Popular

Deutsche ReGas starts commissioning Mukran FSRU terminal

LNG terminal operator Deutsche ReGas has kicked off commissioning activities at its FSRU-based LNG import facility in Germany’s port...

CEO: DOE’s permit pause will not slow down Cheniere’s LNG expansion plans

US LNG exporting giant Cheniere is going "full steam ahead" with plans to expand its Sabine Pass and Corpus...

Venture Global seeks more time to complete Calcasieu Pass LNG terminal

US LNG exporter Venture Global LNG has requested more time from the US FERC to complete the commissioning of...

More News Like This

Biokraft says launches world’s largest biomethane liquefaction unit

Sweden-based bio-LNG producer Biokraft International, previously known as Scandinavian Biogas, has launched what it says is the world's largest...

Biokraft working on new bio-LNG plant in Sweden

Sweden-based bio-LNG producer Biokraft International, previously known as Scandinavian Biogas, has secured land for a new bio-LNG production...

Scandinavian Biogas becomes Biokraft

Sweden-based bio-LNG producer Scandinavian Biogas has changed its name to Biokraft International. The firm said in a statement it decided...

Scandinavian Biogas in German move

Sweden-based bio-LNG producer Scandinavian Biogas will establish a unit in Germany and plans to invest up to 90 million...