Gibraltar has launched a new LNG regasification terminal, which Shell and Gasnor completed recently. The building of the terminal comes after an LNG supply deal that was reached in 2016 between Shell and Gibraltar. Gasnor will be operating the terminal.
The new terminal is part of Gibraltar's attempt to switch from diesel-fueled power generation to natural gas, by utilizing a new 80-megawatt gas-fired power plant.
Specifically, LNG will be supplied to the terminal through a ship, two times a month, limiting the disruption to the neighboring port and airport. It will also be contained in five double-walled stainless-steel tanks, which have the ability to hold 1,000 cubic meters of LNG.
The first LNG cargo arrived in January, in order to faciliate testing and commissioning of the power plant.
Shell aspires to do the same thing in other parts of the world as well, where they need greener and more reliable energy by leveraging similar LNG projects.