Enagas SA has determined to launch an public sale correct after a “excessive degree of participation” in a non-binding bidding exercise for logistics rights to a liquefied pure fuel (LNG) terminal in northern Spain that has been idle for a decade.
The binding spherical for Asturias province’s El Musel facility seeks to award 100% of the capability, for loading, unloading and storage, on “long-term” contracts, the corporate mentioned in a press launch Monday.
Enagas has set June 30 because the deadline for bid submissions. Sixteen shippers had expressed curiosity throughout the non-binding section held March, in accordance with the media assertion.
“This Open Season for the allocation of logistics companies in El Musel is a milestone for the beginning of business operations of the terminal, which is a part of the Authorities’s Extra Power Safety Plan, and can strengthen the safety of vitality provide in Europe”, the Madrid-based proprietor mentioned.
Situated within the Cantabrian basin within the port metropolis of Gijon, El Musel concluded three years of building 2012. The bidding paves the best way for business startup for the two-bay, two-tank terminal after being mothballed for a decade.
It has a regasification capability of 800,000 cubic toes and might retailer as much as 300,000 cubic toes of LNG, in accordance with an belongings catalog printed by Enagas.
“The Gijon terminal might contribute as much as 8 bcm (billion cubic meters) of LNG capability per 12 months to Europe’s safety of vitality provide”, Monday’s announcement mentioned.
It received the approval of the Nationwide Markets and Competitors Fee February, a required step earlier than business rights might be awarded for the terminal, Enagas mentioned March 2.
Later in February Enagas introduced a take care of native pure fuel transporter Reganosa during which the latter acquires a 25 % stake in El Musel for $102 million (EUR 95 million). In alternate Enagas acquires an 80.78-mile (130 kilometers) community of pure fuel pipelines from Reganosa for $58 million (EUR54 million), in accordance with Enagas’ announcement February 28.
Eyes on Germany
Enagas chief government Arturo Gonzalo Aspiri had mentioned the terminal was eyeing to export to Germany, amid provide challenges unleashed by Russia’s invasion of Ukraine. “This can give flexibility and storage capability to European operators, primarily in Germany”, he was quoted as saying in a Bloomberg report September 8, 2022.
Europe’s largest financial system declared an alert degree standing for fuel provide June 2022 after Russia lowered deliveries “leading to a substantial deterioration within the provide state of affairs”, the German authorities mentioned in a press launch June 23.
The Nord Stream pipeline connecting Germany and Russia resumed provide July 2022 after closing for what the operator mentioned was upkeep, in accordance with a July 21, 2022 information launch by Nord Stream AG.
However the Baltic Sea conveyor took harm September 2022 from what a Swedish probe mentioned was a sabotage by unknown actors. An investigation replace April 6, 2023 by the prosecution authority of Sweden, the place a part of the 2 Nord Stream pipelines lies, mentioned the harm had been brought on by “detonations” and that each pipes had taken a success. A report by Russian state media TASS Might 20, 2023 mentioned Nord Stream remained “utterly suspended.”
Nonetheless German Finance Minister Christian Lindner instructed BBC in a report January 18, 2023 his nation is now not depending on Russian vitality: “Sure, after all Germany continues to be depending on vitality imports, however at present, not from Russian imports however from world markets”.
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