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Spain’s Endesa to invest $35m to develop LNG bunkering at Algeciras

Photo: Jose Miguel Guardeno - Pixabay flag-1273680_1920.jpg
Spanish utility firm Endesa is planning to invest around EUR30m ($35.6m) to develop a LNG bunkering supply chain at its port terminal in Los Barrios in the Bay of Algeciras.

Endesa said an initial investment of EUR15.6m will be put in up to 2022 to develop physical infrastructure at the port terminal for LNG bunkering. The initial stage will involve detailed study on new market technologies.

The second stage will see the development of storage capacity of around 4,080 cu m with the potential to expand to 10,000 cu m over the next decade.

“The strategic location of our terminal offers a possibility of growth and diversification towards new lines of business, such as LNG bunkering, which allows us to advance our decarbonisation strategy by investing in activities that reduce emissions,” said Juan Maria Moreno, general director of energy management at Endesa.

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