Aker Kvaerner has been awarded a contract to perform front-end engineering design (FEED) work for a liquefied natural gas (LNG) receiving terminal in the North Adriatic Sea. The FEED contract is worth around USD 21 million. “When approved, this will be the first offshore concrete LNG terminal in the world. A number of similar prospects are being considered. With our recent awards in the US and now in Europe, we believe we are well positioned in this new market,” said executive vice president Simen Lieungh in Aker Kvaerner. The terminal will be located 17 km from shore in waters 29 metres deep. The terminal will receive LNG shipped mainly from Qatar, regasify the products, and feed the gas through pipeline to the Italian gas distribution network.
The terminal has a storage capacity of 250,000 cubic metres in tanks in the concrete substructure, and it can regasify approximately 6 million metric tons of LNG per year. The partners in the Adriatic LNG Terminal project include ExxonMobil and Qatar Petroleum, each with a 45 per cent interest, and Edison, a major Italian energy company, which owns the remaining 10 percent interest. The FEED contract is signed by Aker Kværner Contracting AS, a company within the Aker Kvaerner group.
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