Edison and Scale Gas Solutions, a subsidiary of Enagás specialised in small scale LNG, have finalised a transaction 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, fostering sustainability through the introduction of LNG as an alternative fuel.
Under this framework, Scale Gas Solutions acquires from Edison 19% of the shares of Depositi Italiani GNL, the newco 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 will be: 51% PIR, 30% Edison, and 19% 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.
The construction of the Ravenna deposit is advanced and the work has exceeded 70%, allowing the confirmation of a commercial operation date in 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 – enough to supply 12 000 trucks and up to 48 ferries per year.
“This transaction has a significant strategic value”, declared Pierre Vergerio Executive Vice President Gas Midstream, Energy Management and Gas Infrastructures of Edison. “It strengthens Edison-Enagás cooperation, that 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 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.”
“We welcome the group Enagás, through its subsidiary Scale Gas Solutions, within the shareholding of DIG”, says Guido Ottolenghi CEO of PIR. “Its presence will reinforce the competences of DIG and consolidate its market position within a network of leading operators in the field of LNG.”
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/27102020/edison-partners-with-enagas-to-develop-small-scale-lng/
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