Baker Hughes has secured a contract to offer three NovaLT12 fuel turbine-driven compressor trains for a brand new fuel compressor station in Sulmona, Italy, to European pure fuel operator Snam SPA.
The station is an integral a part of the Adriatic Line, a Snam pipeline mission, whose first section was included in Italy’s Nationwide Restoration and Resilience Plan (PNRR) as a part of the REpowerEU Plan. The Adriatic Line mission entails the development of a 264-mile (425-kilometer) lengthy, hydrogen-ready pipeline to permit the transport of extra power provides from Azerbaijan, Africa and the Jap Mediterranean area to northern Europe.
The contract, which was awarded to Baker Hughes following a public tender, builds on a long-standing collaboration between the 2 corporations, Baker Hughes mentioned in a information launch, including that the contract will likely be booked within the first quarter. The monetary particulars weren’t disclosed.
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Baker Hughes mentioned its NovaLT12 generators will present the choice to run on one hundred pc pure fuel or hydrogen blends as much as 10 p.c. The know-how will assist decarbonize the Italian fuel community infrastructure and aligns with Snam’s technique to attain carbon neutrality on direct emissions by 2040, in response to the discharge.
“This milestone in our long-standing collaboration with Snam demonstrates that the power transition requires steady partnership,” Ganesh Ramaswamy, govt vice chairman for Industrial and Vitality Know-how at Baker Hughes, mentioned. “Collectively, we’re innovating and delivering important world-firsts for the decarbonization of fuel networks”.
“Our work with clients and companions is a part of our dedication to creating revolutionary know-how options, such because the NovaLT12, that allow the decarbonization of power ecosystems and the creation of the hydrogen economic system whereas persevering with to assist the necessity for an inexpensive and safe power provide,” he added.
Snam to Up Stake in Adriatic LNG
In the meantime, Snam exercised its preemption proper to extend its stake in Terminale GNL Adriatico S.r.l. to 30 p.c from 7.3 p.c. Terminale GNL Adriatico owns the Adriatic LNG regasification terminal working within the waters off Porto Viro, Italy.
The preemption proper was exercised following the signing by VTTI, a Dutch power storage and infrastructure firm, of the settlement to accumulate a majority stake within the firm, Snam mentioned in an earlier assertion.
The closing of the transaction is anticipated by the top of 2024 and is topic to the mandatory regulatory authorizations. Upon closing VTTI LNG will personal a 70 p.c stake in Adriatic LNG, and Snam could have 30 p.c.
Positioned about 9.3 miles (15 kilometers) off the Veneto coast, Adriatic LNG’s terminal is Italy’s largest offshore infrastructure for unloading, storage and regasification of liquefied pure fuel (LNG), with an annual technical regasification capability of 9.6 billion cubic meters, similar to about 14 p.c of the present home fuel demand.
“This operation strengthens Snam’s presence in LNG infrastructure, which is more and more strategic for the safety and diversification of Italy’s power provides,” Snam CEO Stefano Venier mentioned. “We sit up for working along with VTTI to make sure steady and world-class administration of Adriatic LNG, which is key for the Italian power system, and to assist its growth initiatives”.
Final week, power storage and infrastructure agency VTTI B.V. and Germany-based asset supervisor IKAV fashioned a consortium to accumulate majority possession of Terminale GNL Adriatico Srl.
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