Italian energy operator Edison and Scale Gas Solutions, a subsidiary of Spanish firm Enagás, have signed a deal to cooperate in small-scale LNG developments in the Mediterranean region.
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% complete, and will have a capacity of 20,000 m3 of LNG and an annual handling capacity of more than 1 million m3. It is expected to begin operations in October 2021. Scale Gas will provide Enagás’ experience in the operation and management of LNG infrastructure.
Under the terms of the transaction, Scale Gas will acquire a portion of of Edison’s shares in DIG, giving it a 19% share overall, with 30% owned by Edison and the remaining 51% by PIR.
The companies say that the agreement will establish and 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.
‘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,’ says Marcelino Oreja, CEO of Enagás.