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Gasol consortium is front runner for Malta LNG-to-power scheme

The Electrogas consortium of Gasol, Azerbaijan’s Socar Trading, Malta’s Gem Holdings and Siemens Projects Ventures, the equity financing arm of Siemens Financial Services, is front-runner for a project to import liquefied natural gas (LNG) to supply a power plant. The project involves the provision of a floating storage unit to be docked in Delimara, Malta, and the regasification of an initial 55-60mcf/d of gas. The gas will be supplied to power utility Enemalta’s existing 149MW power plant, which will be converted to operate on gas, and to a new 200MW independent power plant to be built, owned and operated by Electrogas.

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