Wärtsilä signs MoU with Engie to develop small-scale LNG markets
Wärtsilä and French multinational energy company Engie have signed a memorandum of understanding (MoU) to develop solutions and services within the small-scale LNG business segment.
Both companies will cooperate in four work streams, namely LNG for ships, LNG distribution in islands and remote areas, LNG to power solutions and small-scale LNG and bio liquefaction.
Wärtsilä and Engie both expressed their commitment to work for a low-carbon economy and focusing on LNG-solutions is an important step in this direction.
According to the MoU, the two companies will share Wärtsilä’s technical expertise and engineering, procurement and construction (EPC) capabilities and Engie’s technical expertise and experience in natural gas distribution and commercialisation.
The deal will also offer operation and maintenance services.
Engie managing director of gas chain Jean-Marc Leroy said: “ENGIE has taken key positions in the small-scale LNG market. This agreement with Wärtsilä will help develop innovative small scale LNG solutions with quicker implementation time and enhanced competitiveness.”
Wärtsilä LNG Solutions vice president Alexandre Eykerman said: “We are excited to be working with ENGIE and developing together more sustainable energy solutions for our customers and society as a whole.
"This cooperation is an important step towards Wärtsilä’s goal of growing our presence in the small-to-medium scale LNG terminal business.”
Wärtsilä is currently the EPC contractor for a small-scale onshore LNG terminal in Finland. It has successfully developed multiple small-scale power barges and a bio-gas liquefaction plant.
Engie is one of the forerunners in the development of small-scale LNG markets and innovative solutions. It has the experience in developing small liquefaction plants, LNG truck loading, LNG bunkering, LNG fuelling stations, LNG for power applications and supplying LNG to remote customers.
The MoU agreement will help to develop technical solutions that will enable both firms to expand their small-scale LNG businesses.