PX Group of UK appointed to operate small-scale LNG liquefaction plant at Risavika in southwest Norway
The PX Group, which operates the UK St. Fergus Gas Terminal and Teesside Gas Processing Plant, has been appointed by North Sea Midstream Partners (NSMP) to run its recently acquired small-scale Risavika LNG liquefaction plant in Norway.
PX Group, which specializes in providing services in the process, energy and chemical sectors, is currently responsible for processing around 30 percent of the UK’s gas supply and operates many of the UK’s key strategic sites on behalf of clients.
“The represents PX Group’s first significant operations contract outside of the UK,” said Chief Executive Geoff Holmes.
NSMP acquired the Risavika LNG plant, located in southwest Norway near Stavanger, in November 2021.
The Risavika facility has a capacity of 300,000 tonnes of LNG per annum and operates predominantly on electricity produced from renewable sources.
The plant was formerly owned by Gasum of Finland and uses feed gas from offshore Norway to supply the LNG maritime fuel and truck transportation markets.
The PX Group said it had set up a new operating entity in Norway, PX Norge AS.
NSMP closed the deal to buy the Risavika plant on November 16.
NSMP agreed with Gasum an extensive tolling agreement under which Gasum would continue to ensure deliveries of LNG and liquefied biogas (LBG) to its customers from the Risavika facility.
The separate bunkering solution, serving maritime customers, is not included in the scope of the NSMP-Gasum transaction and both parties agreed at the time not to disclose the transaction price.
PX Group CEO Holmes added that his company was delighted to be joining NSMP at Risavika.
“It is exciting for PX Group on a number of levels, not least because it represents PX Group’s expanding international footprint. It’s also our first major LNG site, which is in our capability sweet spot,” stated Holmes.
“LNG plays a critical role in the energy mix and is a component in the transition to lower-carbon sources of energy for sectors such as maritime,” said the CEO.
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