Sagunto LNG Terminal

Part of the Global Gas Infrastructure Tracker, a Global Energy Monitor project.

Download full dataset

Report an error

Sagunto LNG Terminal, also known as Saggas, is an operating LNG import terminal in Spain.

Location

Table 1: Location details

Name	Location	Coordinates (WGS 84)
Sagunto LNG Terminal	Sagunto Port, Valencia, Spain	39.6329, -0.2152 (exact)

The map below shows the exact location of the terminal:

Loading map...

Project Details

Table 2: Infrastructure details

mtpa = million tonnes per year

Name	Facility type	Status	Capacity	Total terminal capacity	Offshore	Associated infrastructure
Sagunto LNG Terminal	import	operating	6.4 mtpa	6.4 mtpa	False	–

Table 3: Cost

Name	Facility type	Cost	Total known terminal costs
Sagunto LNG Terminal	import	–	–

Financing

No financing data available.

Table 4: Project timeline

FID = Final Investment Decision, used by some developers to indicate a project will move forward

Name	Facility type	Status	Proposal year	FID year	Construction year	Operating year	Inactive year
Sagunto LNG Terminal	import	operating	–	–	–	2006	–

Ownership

Table 5: Ownership

Name	Facility type	Status	Owners	Parent companies	Operator
Sagunto LNG Terminal	import	operating	Iniciativas de Gas [50%]; Infraestructuras de Gas [50%]	Enagás SA [72.5%]; OQ [7.5%]; Osaka Gas Co Ltd	Saggas

Background

Sagunto LNG Terminal is an LNG terminal in Valencia, Spain. The facility includes four storage tanks, each with a capacity of 150,000 m³, and its jetty can accomodate Q-Flex and Q-Max LNG carriers. The LNG terminal was originally built in 2006. It was most recently expanded in 2011, when the fourth storage tank and a sixth vaporizer were added.

In June 2016, Enagas increased its ownership in Sagunto LNG Terminal, acquiring a 42.5% ownership stake in the project for €106 million, bringing its ownership stake up to 72.5%.

The Sagunto LNG Terminal has suffered from severe under-utilization in recent years, reaching a low point in the third quarter of 2018, when it used 0% of its capacity. According to a December 2018 article in El Diario, the problem can be traced to Spain's over-construction of LNG terminals and poor regulation, which can sometimes result in the €500 million Sagunto terminal sitting idle for months while the Barcelona LNG Terminal (330km north) receives more vessels than it can handle.

Opposition

Opposition groups have cited the low utilization rates among Spain's LNG terminals to call into question the necessity of such extensive LNG infrastructure. According to Food and Water Europe in 2019 (prior to the re-opening of El Musel LNG Terminal), "Since 2008, all LNG terminals (except for Mugardos) have been expanded and the total regasification capacity has increased by 8%, despite a decline in gas demand...even though the utilisation rate of Spain’s LNG regasification capacity was at only ~23% on average between January 2012 and March 2019, same as the low EU average during the same time period! The need to have so much LNG regasification capacity is questionable and best illustrated with the El Musel LNG Terminal (7bcm/y and a 300,000m³ storage capacity) which was completed in 2012 and then directly put into 'hibernation', 'until demand picks up'. The terminal has not been used since then. Despite large underutilization, Spain was the 5th biggest LNG importer with the 5th biggest liquefaction capacities worldwide in 2018, and for both cases number 1 in Europe (followed by France). Since at least 2016, Spain repeatedly imported cargoes of fracked US gas through its LNG terminals."

Articles and Resources

Additional data

To access additional data, including an interactive map of LNG terminals, a downloadable dataset, and summary data, please visit the Global Gas Infrastructure Tracker on the Global Energy Monitor website.