Swedegas and Vopak investigates open LNG terminal in Gothenburg

abarrelfullabarrelfull wrote on 21 Jun 2012 07:24
Tags: europe lng swedegas sweden vopak

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Infrastructure Company Swedegas, which owns the national grid for gas distribution and Dutch Vopak LNG, specialized in the storage of LNG and a subsidiary of the world's leading storage company for energy products Royal Vopak, has announced today that they were prepared to initiate a feasibility study for an LNG terminal. Port of Gothenburg supports the initiative.

- LNG is highly interesting for shipping as an environmentally friendly fuel. Even in industry, where one also for environmental reasons to replace oil and coal, is a strong demand for LNG. By connecting the terminal to our gas, LNG for the first time become part of a larger infrastructure in Sweden. The same infrastructure will also serve to transport biogas, says Lars Gustafsson, CEO, Swedegas AB.

The first open terminal

An open LNG terminal is a success factor for a functioning gas market. All parties interested in supplying LNG to the Swedish market to buy capacity in the terminal. Ownership and operation of infrastructure are kept separate from production and trade of energy, a principle which complies with EU regulations and directives. This makes the terminal in Gothenburg unique among existing and planned LNG terminals in the country.

- Our common goal is for Sweden to have a safe and efficient LNG terminal that is open to all customers that meet the needs of the market, says Dirk van Slooten, Global Director of Vopak LNG.

Major environmental benefits

LNG gas is cooled to a liquid and thereby reduces the 600 times by volume. It is possible to transport on ships, trains and trucks and can thus also reach parts of the country in Daytime Mode lack gas infrastructure. An LNG terminal in Gothenburg thus have great importance not only for the west coast but also for industries in other parts of the country, for example, Bergslagen where the Swedish basic industry is about to replace the oil to reach its climate goals.

In 2015 introduced stricter emission rules for shipping in Northern Europe. By using LNG as ship fuel disappears emissions of sulfur and particulates, which are considered to be shipping the biggest problem. Although nitric oxide and carbon dioxide emissions are reduced significantly.

- We welcome this initiative. Vopak LNG and Swedegas offers a strong alliance of international experience and local knowledge on the Swedish market. We have worked long enough to offer LNG in our harbor, says Magnus Kårestedt, president of the Port of Göteborg AB.

Port of Gothenburg will be among the first major ports in the world where ships would refuel, or stock up, LNG does not need to go in to a particular terminal. Bunkering will be just like today, that is, from a bunker.

The capacity is planned for 20 000 cubic meters, capable of expansion as the market develops. Initially estimated throughput to about 0.5 billion cubic meters per year. Natural gas will be imported by sea to the terminal by special LNG tankers. The terminal should be open to all companies who have an interest in supplying to the Swedish gas market. The pilot study will be completed by the end of the year.

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