Edison joins Enagás in Mediterranean LNG deal
Published by Pippa Luck,
Tanks and Terminals,
Edison and Scale Gas Solutions, a subsidiary of Enagás which specialises in small scale LNG, have finalised an agreement that makes the Spanish company a new shareholder of Depositi Italiani GNL (DIG).
The two companies have agreed to cooperate in the development of small scale LNG in the Mediterranean, promoting the establishment of a strong LNG supply chain from Enagás’ Mediterranean LNG terminals, led by the Barcelona terminal, to Edison customers. This will foster sustainability through the introduction of LNG as an alternative fuel.
In this framework, Scale Gas Solutions will become a shareholder in DIG, which was created in 2018 between Edison and the terminal operator PIR. After the transaction, the shareholding structure of DIG will be 51% PIR, 30% Edison and 19% Scale Gas Solutions.
The companies have paired up for the development of an LNG terminal in Ravenna, Italy. The construction has exceeded 70% completion, and is predicted to be ready for commercial operation by October 2021. The Ravenna depot will have a storage capacity of 20 000 m3 of LNG and an annual handling capacity of over 1 million m3 of liquid gas, sufficient to supply 12 000 trucks and up to 48 ferries per year.
Edison and Enagás consider small scale LNG to be a key solution towards sustainable mobility and the decarbonisation of heavy road and maritime transport. Thanks to the zero emissions of particulate and sulfur dioxides, and the significant reduction in CO2 emissions, LNG will contribute to the achievement of the ambitious environmental targets set at international level for the transport sector.
Pierre Vergerio, Executive Vice President of Edison, said: “This transaction has a significant strategic value. it strengthens Edison-Enagás cooperation, which started more than two years ago for the construction of an integrated small scale LNG supply chain, and allows us to contribute in DIG with Scale Gas’s specific skills in the small scale sector”.
Marcelino Oreja, CEO of Enagás, said: “Collaborating in projects like this will allow the development of solid logistics chains from our terminals, and will promote, in accordance with EU directives, the implementation of sustainable mobility thanks to LNG in the Mediterranean”.
Read the article online at: https://www.tanksterminals.com/terminals/27102020/edison-joins-enags-in-mediterranean-lng-deal/
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