Edison (an Italian energy operator) and Scale Gas Solutions, which is a subsidiary of Spanish firm Enagás, have signed a deal to work on small-scale LNG developments in the Mediterranean.
It expects to begin operations in October 2021. Scale Gas will provide Enagás’ experience in the operation and management of LNG infrastructure.
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 community directives, the implementation of sustainable mobility with LNG in the Mediterranean.”
As a result of the deal, Scale Gas will become a shareholder in Depositi Italiani GNL (DIG), a company created in 2018 by Edison and terminal operator PIR, to develop and manage an LNG terminal in Ravenna, Italy.
The terminal, currently under construction, is around 70 percent complete, and will have a capacity of 20,000 m3 of LNG and an annual handling capacity of more than 1 million m3.
Under the terms of the transaction, Scale Gas will acquire a portion of of Edison’s shares in DIG, giving it a 19 percent share overall, with 30 percent owned by Edison and the remaining 51 percent by PIR.
The companies say that the agreement will establish an LNG supply chain from Enagás’ terminals in the Mediterranean to Edison’s customers, for use as an alternative fuel, to contribute to the decarbonisation of heavy road and sea transport. LNG reduces CO2 emissions compared to traditional fuels and emits no particulate matter or sulphur dioxide.
For more information visit www.edisonenergy.com