Sagunto LNG Terminal

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Sagunto LNG Terminal is an LNG terminal near Valencia, Spain.

Location

The terminal is located at the port of Sagunto, about 30 km north of Valencia, Spain

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Project Details

  • Owner: Enagas (72.5%), Oman Oil Company (7.5%), Osaka Gas (20%)
  • Location: Sagunto Port, Valencia, Spain
  • Coordinates: 39.6329, -0.2152 (exact)
  • Capacity: 6.4 mtpa[1]
  • Status: Operating
  • Type: Import
  • Start Year: 2006

Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day

Background

Sagunto LNG Terminal is an LNG terminal in Valencia, Spain.[2] 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.[2][3]

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.[2]

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%.[4]

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.[5]

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, "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."[6]

Articles and resources

References

  1. 2019 World Gas Report International Gas Union, accessed August 2019
  2. 2.0 2.1 2.2 Sagunto LNG Terminal, GEO, accessed April 2017
  3. The Sagunto LNG terminal in Spain increases capacity as demand drops, LNG Journal, 14 Dec. 2011
  4. Enagas increases stake in two LNG facilities, LNG World News, 30 Jun. 2016
  5. "La regasificadora de Sagunto alcanza un mínimo de utilización del 0% tras una inversión de 500 millones". El Diario. December 25, 2018.
  6. Spain Food and Water Europe, accessed December 6, 2019

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External resources

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