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Mon 20 Oct 2014, 10:29 GMT

LNG receiving terminal launched in Scandinavia


LNG to be delivered to marine and land-based customers following launch of $107 million facility.

Skangass has officially opened its new receiving terminal for liquefied natural gas (LNG) [pictured] in Lysekil, Sweden. The facility was built as a joint project with Preem, a client of Skangass.

Following the terminal launch, Skangass will be delivering natural gas by pipeline directly to Preem. LNG will also be delivered from the terminal to land-based industries by truck and to marine customers.

According to Skangass, close to NOK 700 million (US$106.9 million) has been invested in the terminal.

Commenting on the launch, Skangass said: "This marks an important strategically step in making natural gas available for the land-based industry and the marine market in the area."

Petter Holland, chief executive officer (CEO) at Preem, remarked: "Preem’s refinery in Lysekil is among the most modern, environmentally-friendly in Europe and the world. Using natural gas in the processes will lead to a reduction of the annual emission of carbon dioxide by approximately 130,000 tonnes. The natural gas will replace naphtha and butane as raw material in the hydrogen production. A large amount of hydrogen is used in the processes among others for removal of sulphur and cracking in the diesel production."

Tor Morten Osmundsen, CEO of Skangass, said: "Our customer Preem and the LNG terminal in Lysekil is just another good example of what Skangass is aiming at: helping our customers meeting their goals for becoming more energy efficient and environmentally friendly in their daily operations."

Image: Receiving terminal for liquefied natural gas (LNG) in Lysekil, Sweden.

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