Stolt-Nielsen Limited Acquires Shares in Sardinian LNG Project
(Thomson Reuters ONE) -
LONDON, October 15, 2015 - Stolt-Nielsen Limited (Oslo Børs: SNI) announced
today that its subsidiary, Stolt-Nielsen Gas B.V., has purchased 10 percent of
the shares in HIGAS S.r.L., with an option to acquire up to 80 percent of the
company.
HIGAS is a joint venture between Gas and Heat S.p.A. and CPL Concordia Soc.
Coop, with plans to build and operate an LNG terminal and distribution facility
in the port of Oristano, Sardinia. The LNG is to be shipped to the terminal by
LNG tankers and distributed to customers via pipeline and trucks. The terminal
is expected to be completed in 2017.
Commenting on the project, Andrew Pickering, President, Stolt-Nielsen LNG
Holdings Ltd., said, "This joint venture represents SNL's third strategic
investment in the LNG segment, where our focus is on meeting what we call
'stranded demand' for LNG. Sardinia, which is not served by a gas pipeline, is a
perfect example. With demand for natural gas rising on Sardinia, small-scale LNG
imports represent an attractive solution. Along with our partners, we believe we
have a strong team to deliver reliable, cost-effective service to Sardinia."
For additional information please contact:
Jan Chr. Engelhardtsen
Chief Financial Officer
UK +44 (0) 20 7611 8972
j.engelhardtsen(at)stolt.com
Jens F. Grüner-Hegge
V.P. Corporate Finance
UK +44 (0) 20 7611 8985
j.gruner-hegge(at)stolt.com
About Stolt-Nielsen Limited
Stolt-Nielsen Limited (SNL or the "Company") is a leading global provider of
integrated transportation solutions for bulk liquid chemicals, edible oils,
acids, and other specialty liquids through its three largest business divisions,
Stolt Tankers, Stolthaven Terminals and Stolt Tank Containers. Stolt Sea Farm
produces and markets high quality turbot, sole, sturgeon, and caviar. Stolt-
Nielsen Gas develops opportunities in LPG and LNG shipping and distribution.
Stolt-Nielsen Limited is listed on the Oslo Stock Exchange.
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Stolt-Nielsen Limited via GlobeNewswire
[HUG#1959047]
Unternehmensinformation / Kurzprofil:
Datum: 15.10.2015 - 11:35 Uhr
Sprache: Deutsch
News-ID 427070
Anzahl Zeichen: 2886
contact information:
Town:
London
Kategorie:
Business News
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