Italian energy player Edison and its Spanish counterpart Enagás have teamed up on small-scale LNG cooperation.
Courtesy of Enagás
Enagás, through its unit Scale Gas Solution, signed a deal with Edison to acquire shares in Depositi Italiani GNL (DIG).
Through the partnership, the two companies agreed to cooperate in the development of small-scale LNG in the Mediterranean.
The aim is to establish a strong LNG supply chain from Enagás’ Mediterranean LNG terminals, led by the Barcelona terminal, to Edison customers, fostering sustainability through the introduction of LNG as an alternative fuel.
In this framework, Scale Gas Solutions acquires from Edison 19 per cent of the shares of Depositi Italiani GNL, the new company created in 2018 between Edison and PIR for the development and management of the first coastal deposit in Italy.
After the transaction, the shareholding structure of Depositi Italiani GNL changes to 51 per cent PIR, 30 per cent Edison and 19 per cent Scale Gas Solutions.
The partnership with Scale Gas Solutions will benefit from the experience and know-how gained by Enagás in the operations and management of LNG infrastructures in Spain and confirms the confidence in the development of the small-scale market in Italy and in the Ravenna project, Edison said in its statement.
The construction of the Ravenna deposit is advanced and the work has exceeded 70 per cent, allowing the confirmation of a commercial operation date in October 2021.
The Ravenna depot will have a storage capacity of 20,000 cubic meters of LNG and an annual handling capacity of over 1 million cubic meters 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, the concrete action for the decarbonization of heavy road and maritime transport. Thanks to the zero-emissions of particulate and Sulphur dioxides and the significant reduction in CO2 emissions, LNG will contribute to the achievement of the ambitious environmental targets set at the international level for the transport sector.
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Source: LNG World News