Gibraltar firms up LNG deal with Shell
The Government of Gibraltar said it has signed a heads of agreement with oil and gas giant Shell for the storage and supply of LNG to fuel the new North Mole power station.
The agreement followed a report by the Health and Safety Laboratory and an independent review by Lloyd’s Register that was contracted to carry out a study on behalf of Gibraltar Electric Authority showing that there is no risk to any residential area with Shell’s proposal, Gibraltar’s chief minister Fabian Picardo said in a statement.
Picardo added that the planning process and the construction of the power plant began on October 19. The exploratory piling has already been completed.
Shell proposed a small-scale LNG terminal to be built in the port of Gibraltar on reclaimed land adjacent to the power plant. The facility will have a 5000 cbm LNG storage capacity.
Shell added that LNG will be shipped in 14 days intervals and performed only at night and with no traffic in the port.
LNG World News Staff; Image: gibraltar.gov.gi