Spain’s Reganosa and Japan’s Sojitz ink deal to boost LNG cooperation

Spain’s Reganosa, the operator of the Mugardos LNG terminal, and Japan’s Sojitz Corporation signed a deal to collaborate in the international sector in fields such as liquefied natural gas.

The memorandum of understanding will promote collaboration and the development of opportunities by the duo both in the fields of gas infrastructure and renewable fuels as well as gas-to-power projects, smart grids and cryogenics, according to a Reganosa statement on Monday.

The geographical area that the joint effort will cover will be across Asia, Europe, the Middle East, and Latin-America.

“Both parties have great hopes for the alliance, as it combines the strength of a powerful global corporation with the knowledge and readiness to design made-to-measure solutions in the gas sector,” the statement said.

To remind, Sojitz bought a 15 percent stake in Reganosa in October last year.