Spanish transmission system operator (TSO) Enagás has joined forces with its Italian counterpart Edison to develop small-scale liquefied natural gas (LNG) in the Mediterranean, Kallanish Energy reports.
Enagás’ subsidiary Scale Gas Solutions acquired a 19% stake in Edison’s shares in Depositi Italiani GNL (DIG) – Italy’s first coast LNG deposit under construction in Ravenna. The financial details of the transaction weren’t disclosed by the companies.
Once the acquisition is complete, DIG will be owned by independent terminal operator PIR (51%), Edison (30%) and Scale Gas Solutions (19%).
The Ravenna depot will have storage capacity of 20,000 cubic meters of LNG and a handling capacity of over 1 million cubic meters per year (Mmcm/y) of LNG. This is sufficient to supply 12,000 trucks and up to 48 ferries per year, the companies said in a joint statement last week.
“Edison and Enagás consider small-scale LNG to be a key solution towards sustainable mobility, the concrete action for the decarbonization of heavy road and maritime transport,” they said.
The Ravenna facility is 70% complete and set to come online in October 2021.
Commenting on the deal, Enagás’ CEO Marcelino Oreja said that “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.”
This post appeared first on Kallanish Energy News.