Linde to Built LNG Terminal Near Gothenburg, Sweden, for Skangass

Linde AG / Linde to built LNG terminal near Gothenburg, Sweden, for Skangass . Processed and transmitted by Thomson Reuters ONE. The issuer is solely responsible for the content of this announcement.

The technology company The Linde Group has been commissioned by Norwegian-based Skangass AS to build a mid-scale liquefied natural gas (LNG) import terminal at the west coast of Sweden, in Lysekil, 100 kilometres north of Gothenburg. The corresponding engineering, procurement, construction and installation (EPCI) contract is worth around EUR 44 m. The works include the integration of the cryogenic tank structures to be erected by a third party. The new LNG terminal is planned to start operations in spring 2014 and will supply natural gas to the nearby Preem refinery as well as LNG for industrial and transportation applications.

"With this project we confirm our leading position in the growing small-to- mid- scale LNG market," said Professor Dr Aldo Belloni, Member of the Executive Board of Linde AG. "Also taking into account Sweden's first LNG terminal we completed last year in Nynäshamn, we see ourselves on the right course to strongly benefit from the trend towards LNG as a low-emission fuel and petroleum substitute."