The Saggas terminal in Sagunto on Spain’s east coast has begun testing its latest storage tank, marking the end of major construction under the facility’s second expansion phase, writes Eric Martin.
Tank 4 is set to begin operations in the fourth quarter of this year as originally scheduled, said a spokeswoman for the terminal joint venture.
The 150,000 cubic-metre unit brings total storage capacity to 600,000 cubic metres. The terminal began commercial operations in 2006.
Since then, expansion efforts have boosted regasification capacity by 33% to 1 million cubic metres per hour, or 8.76 billion cubic metres per annum, with the addition of a fifth vaporiser. A prior expansion phase also added a third storage tank.
The facility, which receives roughly eight cargoes per month, is owned by Spain’s Gas Natural Fenosa, Deutsche Bank’s RREEF Alternative Investments, Japan’s Osaka Gas and Oman Oil.
