Apr 02 - First Liquefied Natural Gas Cargo Delivered to the Spanish Iberdrola

Source Company Web Site
Company ENI S.p.A. 
Tags LNG & Gas Storage/Processing, Strategy - Downstream
Date April 05, 2002

Eni, through its ship "LNG Portovenere", has delivered its first LNG cargo to the Barcelona regasification terminal. The supply is coming from the Ras Laffan Liquefied Natural Gas plant in Quatar.

This supply is regulated by the agreements signed in December 2000 by Eni and Iberdrola, the Spanish electricity producer, and it marks the effective beginning of Eni's operations in the liberalised Spanish gas market where the Italian company is planning to develop its presence.

The LNG supply, once completed the build up period, will reach 1.3 billion cubic meters of gas per year for a period of 15 years.

The gas will be used to fuel the combined-cycle power plant of Catellon (near Valencia) that with a capacity of 800 MW is the first Iberdrola's power plant to be fuelled with natural gas.

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