ElectroGas in €125 million deal with Greeks for LNG plant

The Greek company J&P Avax has announced a €125 million deal with energy consortium ElectroGas Malta Limited, which comprises GEM Holdings Limited, Socar Trading SA, SIEMENS Project Ventures GmbH, and Gasol LNG Import Limited.

The project involves the Engineering, Procurement and Construction (EPC) of an installation for the importation and storage of LNG and its regasification. The term of the contract is 18 months – deliverable by June 2016.

The plant will supply natural gas to Malta’s largest energy station located in Delimara.

The project includes all specialised technical equipment for the liquefying, storage and regasification of natural gas, control stations and the jetty required for continuous supply of the station with LNG from a floating storage unit.

The Greek company has experience in combined-cycle plants as well as LNG facilities and was recently seeking suppliers in Malta for cement and ready-mix concrete.