Stolt-Nielsen says Avenir LNG’s Italian terminal to launch in May

Norwegian shipping group Stolt-Nielsen expects Avenir LNG’s Higas small-scale terminal located on the Italian island of Sardinia to go online next month.

The firm is a shareholder in London-based small-scale player Avenir LNG along with Hoegh and Golar.

Stolt-Nielsen said on Thursday in its first-quarter report that the terminal in Sardinia should start operations in May.

Avenir LNG holds an 80 percent stake in the terminal developer Higas while the Italian engineering firm Gas and Heat, who is also the EPC contractor, has a 10 percent stake.

CPL Concordia also holds 10 percent share in the storage, regasification and distribution facility in the Port of Oristano.

Higas started building the $43.2 million terminal in Sardinia, first such facility in Italy, in 2018 and previously expected to launch it in the second half of 2019 but it pushed forward the start of commercial operations several times.

Gas and Heat said in an update last month it had fully completed the facility.

The terminal features six horizontal low-pressure cryogenic Type C tank storage tanks with a total capacity of 10,800 cbm but it will also have a dedicated 7,500-cbm Avenir LNG carrier.

It will load up to 8,000 LNG trucks per year – equivalent to 180,000 tons per year – via two loading bays.

Additionally, the LNG would mainly go for use as fuel for automotive, industrial, civil and marine industries.

The terminal will also have a connection to a natural gas pipeline system that will allow the fuel to be distributed to local industry.

Spain’s Reganosa will maintain and operate the terminal as part of a deal revealed in February.

Most Popular

Energy Transfer seals Lake Charles LNG supply deals

Texas-based Energy Transfer has signed new supply deals for its planned Lake Charles LNG export facility in Louisiana as it works to take a final investment decision by the end of this year, according to its management.

Germany, Egypt seal FSRU charter deal

Germany's Ministry for Economic Affairs and Energy has signed a deal with Egypt's state-owned EGAS to charter the 174,000-cbm FSRU Energos Power.

Woodside terminates Commonwealth LNG SPA

Australian LNG player Woodside has terminated its two LNG sale and purchase agreements with US LNG terminal developer Commonwealth LNG.

More News Like This

BP, partners to ship second Tortue LNG cargo

UK-based energy giant BP and its partners are loading the second liquefied natural gas (LNG) cargo produced at the Greater Tortue Ahmeyim FLNG project, located offshore Mauritania and Senegal, according to US-based Kosmos Energy.

VTTI, Hoegh Evi launch permitting process for Dutch FSRU terminal

Rotterdam-based storage terminal owner VTTI, co-owned by Vitol, IFM, and Adnoc, and Norwegian FSRU player Hoegh Evi have officially launched the permitting process for their FSRU-based facility in the Netherlands.

PAE, Golar, and partners take FID on Argentina FLNG project

Pan American Energy, Golar LNG, YPF, Pampa Energia, and Harbour Energy have taken a final investment decision for the Southern Energy floating liquefied natural gas export project in Argentina.

Igneo Infrastructure Partners wraps up Hoegh Evi stake buy

Infrastructure firm Igneo Infrastructure Partners has completed its previously announced acquisition of a 50 percent ownership stake in Norwegian FSRU player Hoegh Evi.