Titan LNG has signed a 5 year liquefied natural gas (LNG) supply contract with a new industrial customer in Niedersachsen (Germany).
Niels den Nijs, Titan LNG’s Commercial Director, said: “Titan LNG will supply natural gas in liquid form or LNG from 2014 avoiding a multi-million Euro investment in a gas pipeline by transporting the LNG per tanker truck to Germany. This fits our strategy of replacing oil burn in the industrial sector.”
LNG is around 15% more economical than industrial heating oil and propane (LPG). On top of its economic benefit, LNG reduces CO2 emissions by 30%, NOx emissions by 50% and SOx emissions by 30%, compared to industrial heating oil.
To serve its customers, Titan LNG builds and then rents infrastructure to store the gas in liquid form and vaporise the LNG to normal natural gas at its customer’s locations.
LNG can now be distributed by tanker truck throughout North West Europe due to the installation of truck loading facilities at the LNG import terminals in the harbours of Zeebrugge (Belgium) and Rotterdam (the Netherlands).
The price of natural gas and LNG has improved considerably compared with that of oil based fuels. The result is that any industrial user currently not connected to the natural gas grid has the option to switch from industrial heating oil or propane to more economically beneficial and clean natural gas, saving money and reducing environmental footprint.
Edited from various sources by Ted Monroe
Read the article online at: https://www.lngindustry.com/small-scale-lng/19122013/supply_contract_for_titan_lng/