LNG

Enagás, the Spanish natural gas operator of six large LNG terminals and with gas assets in other European countries and overseas, reported a fall in net profits as Spanish gas and power demand dropped, offset by a one-time gain from the sale of a stake in a gas pipeline in Mexico.

Enagás, the Spanish gas grid and terminals operator, said the El Musel liquefied natural gas re-loading facility in Northwest Spain designated to supply the European Union has received its first cargo that was loaded on the US Gulf Coast.

Enagás has re-activated the existing El Musel terminal on the Bay of Biscay to meet growing LNG needs in the EU after the closure of Russian pipeline gas supplies and a commissioning cargo was delivered by the 174,000 cubic metres capacity carrier “Cool Racer”.

Shipping data showed that the cargo had been lifted from the Calcasieu Pass export plant in Louisiana on June 16. 

The Spanish terminal in the Port of Gijón will contribute up to 8 billion cubic metres of additional LNG to Europe’s supply when commercial operations start.

“The unloading of this first LNG vessel is a necessary prior step, from a technical point of view, before the final start-up as a logistics plant,” said Enagás.

Enagás has already conducted the second phase of a capacity allocation process, or open season, for El Musel after interest was expressed by 16 trading companies.

The binding phase just closed on June 30 after receiving binding offers from marketers for the capacity offered by the terminal.

Cool-down process

“As part of the usual technical process in this type of start-up operation, the initial cold start-up with liquid nitrogen of the infrastructure has already been carried out, prior to the arrival of the ship,” said Enagás.

“The LNG from the ship gradually replaces the inert gas (nitrogen) inside the tanks. With this, a progressive cooling of the tanks occurs until reaching cryogenic temperatures in which LNG can be stored at minus-160ºC,” Enagás explained.

The aim of the logistical use of the El Musel facility is to contribute energy supply to the EU because of the end of dependence on Russian pipeline natural gas after the events such as sanctions and retaliatory pipeline shutdowns that followed Russia's invasion of Ukraine in February 2022.

El Musel will specialise in the unloading of LNG carriers from various producing countries and the rapid re-loading of ships for different European destinations.

The terminal berthing can accommodate the largest vessels and it has two storage tanks each with capacity of 150,000 cubic metres.

The re-opening of El Musel is part of the Spanish Government’s “More Energy Security Plan” and will add to Spain’s role as an energy hub for Europe as the nation also receives pipeline gas imports from Algeria.

Enagás operates six other LNG regasification terminals on mainland Spain.

It owns five of those terminals at Barcelona in the northeast, at Cartagena in the southeast, at Sagunto in the east of Spain, at Huelva in the southwest as well as the El Musel facility.

Enagás additionally holds a 50 percent stake at another northwest facility serving the northwest port of Bilbao and owns two small regasification terminals in the Canary Islands.

Hanseatic Energy Hub GmbH has chosen the leading Spanish liquefied natural gas terminal owner and gas grid operator Enagás as an industrial partner for the operation of the future onshore LNG terminal planned for the lower Elbe River in northern Germany.

March 31 (LNGJ) - Enagás, the Spanish LNG importer and gas grid operator, said in a market overview that underground storage reached a 93 percent fill at the beginning of winter and remained at historical levels of around 78 percent while regasification terminals, which in 2022 received LNG from 19 different origins, had an average fill level of around 70 percent.

   “Spain exported 90 percent more natural gas to Europe than in in the previous year. Exports through the interconnections with France beat the annual historical record and the refuelling of LNG vessels at Spanish terminals increased by 45 percent, “ said Enagás. “The total of domestic natural gas demand and exports to Europe increased by 4.4 percent in 2022,” the company added.

Enagás, the Spanish natural gas grid and LNG network owner, has reached an agreement with the German utility Uniper for the acquisition of a 20 percent stake in the Dutch BBL Company, owner of a 235-kilometre (146 miles) gas interconnection linking the UK and the Netherlands.

Enagás, the Spanish natural gas grid and LNG terminals operator. posted a 15 percent increase in net profits and said the network of six LNG terminals had saved the country money and confirmed the opening in early 2023 of a seventh and existing LNG export terminal dedicated to European Union supplies.

Leading European Union LNG import terminal owner and grid operator Enagás has signed an agreement in Madrid with Albania on helping the Balkan nation’s natural gas company AlbGaz develop its markets and infrastructure.

The Prime Minister of Albania Edi Rama and Spain's Energy Minister Teresa Ribera attended the signing of the Enagás-AlbGaz agreement along with the Albanian Minister of Energy and Infrastructure Belinda Balluku.

The Balkan region is one of the most vulnerable in terms of the lack of energy diversity and security and the signing of this accord is seen as another step towards helping Albania develop its economy.

AlbGaz is the Albanian Transmission System Operator (TSO) and is working to modernize the gas system in the country.

The actual gas agreement was signed by the Chief Executive of Enagás Arturo Gonzalo and his AlbGaz counterpart Arber Avrami to collaborate in the development of gas infrastructure in Albania.

“This agreement lays the foundations to contribute to the security of energy supply, not only in Albania but also at the regional level, and to the decarbonization of its economy, displacing polluting fuels and also promoting renewable gases,” said a statement.

Partnership

Arturo Gonzalo pointed out that the agreement opened up relevant avenues for future collaboration between the Spanish and Albanian gas industries.

“Cooperation between European TSOs is key in the current context. The accord is aligned with the purpose of Enagás to contribute to security of supply and decarbonisation in Europe,” added Gonzalo.

Enagás said it was already cooperating with Albania through is 16 percent shareholding of the Trans-Adriatic Pipeline (TAP) which connects Turkey with Italy through Greece and Albania.

AlbGaz CEO Avrami said his nation viewed Enagás as valuable partner.

“There are possibilities for cooperation in a series of projects that include the Vlora LNG import terminal in Albania and the Dumrea Underground Storage as well as small-scale LNG distribution,” added Avrami.

“ I am convinced that this cooperation will be an additional guarantee for the realization of these ambitious projects and the vision that foresees the transformation of Albania into a regional energy centre., he stated.

A proposal was made in July 2021 for Excelerate Energy of the US and US major ExxonMobil to start a feasibility study on developing an LNG import terminal at the Port of Vlora in southern Albania.

Under that accord, Excelerate would conduct a study to explore the potential of an integrated LNG-for-power solution for the Albanians.

This would include developing an LNG import terminal, converting or expanding the existing Vlora thermal power plant and establishing small-scale LNG distribution in Albania and for the surrounding Balkans region.

Spain and the national gas grid operator and LNG terminal owner Enagás have marked the successful first phase of a European Union-backed project to bring liquefied natural gas maritime fuel to the ports of the Iberian Peninsula.

Enagás, the Spanish gas grid and LNG terminals operator as well as a shareholder in the Trans-Adriatic Pipeline (TAP), said the US was its main liquefied natural gas supplier in the first quarter followed by Algeria and Nigeria as LNG deliveries increased substantially and European Union gas supplies became tight.

Enagás, the Spanish gas grid and LNG terminals operator as well as a shareholder in the Trans-Adriatic Pipeline (TAP), reported a 9 percent drop in profit after tax even as LNG activities increased.