Tecnicas Reunidas: Endesa Receives the 4 Storage Tanks for its LNG Supply Project at the Los Barrios Port Terminal
10.03.2022 By TankTerminals.com - NEWS

October 3 , 2022 [MarketScreener] – The 4 tanks that will offer a storage capacity of around 4,080 cubic meters and a maximum volume of energy managed per year at the facility of 1,100 GWh/year have already been unloaded. These containers have been manufactured in Avilés, by the Idesa company, and transported on the Amoenitas ship to the Los Barrios port terminal.

 

The first phase of the project, designed and executed in collaboration with Técnicas Reunidas , also involves the refurbishment of the port terminal and the installation of the network of pipes to connect the tanks, which will enable the creation of up to 125 jobs, and whose commissioning is expected during the first half of 2023.

During the event, the attendees were able to check the degree of progress of the work that will enable the use of liquefied natural gas as an alternative fuel for marine use to liquid fossil fuels, within the decarbonization processes of maritime transport, which will position the Port of Algeciras as the first to offer these services in the Mediterranean environment, thus enabling a differential offer aligned with the energy transition.

This Endesa LNG supply project is likely to be able to grow in subsequent phases depending on the increase in demand. For this, the Los Barrios port terminal has sufficient space, 188,369 m2 of surface area, of which 47,105.50 m2 are facing the water, and has 2 additional docks that would allow growth to 10,000 m3 of storage during the current decade.

LNG supply

The entry into force of the new maritime transport regulations in 2020 has meant a change in the environmental paradigm in relation to fuel consumption.

The new framework sets the reduction in the percentage of sulfur in fuel oil for maritime transport at 0.5%, so that LNG propulsion of ships becomes the best alternative for shipowners from an environmental point of view, compared to other fuels such as fuel oil or gas oil, which were mostly used.

By 2030, greenhouse gas emissions from maritime transport must be reduced by 30% and by 2050 the cut must reach 50%, which forces the search for less polluting fuels.

Currently, LNG is the fuel that allows the greatest reduction of Greenhouse Gases and the almost total elimination of pollution at the local level. In addition, it is foreseeable that environmental restrictions will continue to increase in the coming decades, which is why the supply of LNG is a growth activity.

Pro Trial: Access 10,390 Tank Terminal and Production Facilities

10,390 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

WTI Crude Oil Forecast: Continues to Threaten Support
12.01.2022 - NEWS
December 1, 2022 [DailyForex] – We are on the precipice of either forming a massive double ... Read More
Oil Updates — Crude Prices Up; Chevron Awaits Venezuelan Oil Cargoes
12.01.2022 - NEWS
December 1, 2022 [Arab News] – Oil rebounded on Tuesday after falling to more than 11-month... Read More
WTI, Brent Prices Slip
12.01.2022 - NEWS
December 1, 2022 [Financial Tribune] – Oil prices slid on Wednesday as Covid-19 cases in Ch... Read More
A Volatile Year for Oil Markets
12.01.2022 - NEWS
December 1, 2022 [TheStreet] – One month ago, with inventories of diesel fuel and gasoline ... Read More