Wärtsilä's cooperation with ENGIE aims at developing small scale LNG markets
(Thomson Reuters ONE) -
Wärtsilä Corporation, Press release, 7 November 2016 at 2.00 pm EET
Wärtsilä has signed a Memorandum of Understanding (MoU) with the French
multinational energy company ENGIE, to develop solutions and services within the
small scale LNG business sector.
The cooperation covers four work streams: LNG for ships, LNG distribution in
islands and remote areas, LNG to Power solutions, and small scale LNG and bio
liquefaction. Both Wärtsilä and ENGIE are committed to working for a low-carbon
economy, and shifting the focus towards LNG-solutions is seen as being an
important step in this direction.
Through this partnership, the two companies will share Wärtsilä's technical
expertise and Engineering, Procurement and Construction (EPC) capabilities,
along with ENGIE's technical expertise, and experience in natural gas
distribution and commercialization. Operation and maintenance services will also
be offered.
"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," says Jean-Marc Leroy,
ENGIE's Managing Director Gas Chain.
"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," says Alexandre Eykerman,
Vice President for LNG Solutions at Wärtsilä.
Wärtsilä is currently the EPC contractor for an onshore small scale LNG terminal
in Finland, and has successfully delivered several small scale power barges and
a biogas liquefaction plant. ENGIE is one of the pioneers in the development of
small scale LNG markets and innovative solutions. This includes small
liquefaction plants, LNG truck loading, LNG bunkering, LNG fuelling stations,
LNG for power applications, and supplying LNG to remote customers.
This MoU is a strong incentive to co-develop technical solutions that would
enable both Wärtsilä and ENGIE to expand their small scale LNG businesses.
For more information, please contact
Alexandre Eykerman
Vice President, LNG Solutions
Wärtsilä Energy Solutions
Tel: +358 50 3823578
alexandre.eykerman(at)wartsila.com
Jukka-Pekka Niemi
General Manager, Marketing
Wärtsilä Energy Solutions
Tel: +358 50 465 2805
jukka-pekka.niemi(at)wartsila.com
Wärtsilä Energy Solutions in brief
Wärtsilä Energy Solutions is a leading global supplier of ultra-flexible power
plants of up to 600 MW operating on various gaseous and liquid fuels. Our
portfolio includes unique solutions for baseload, peaking, reserve and load-
following power generation, as well as for balancing intermittent renewable
energy. Wärtsilä Energy Solutions also provides utility-scale solar PV power
plants, as well as LNG terminals and distribution systems. As of 2016, Wärtsilä
has 60 GW of installed power plant capacity in 176 countries around the world.
www.smartpowergeneration.com
Wärtsilä in brief
Wärtsilä is a global leader in advanced technologies and complete lifecycle
solutions for the marine and energy markets. By emphasising sustainable
innovation and total efficiency, Wärtsilä maximises the environmental and
economic performance of the vessels and power plants of its customers.
In 2015, Wärtsilä's net sales totalled EUR 5 billion with approximately 18,800
employees. The company has operations in over 200 locations in more than 70
countries around the world. Wärtsilä is listed on Nasdaq Helsinki.
www.wartsila.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Wärtsilä Oyj Abp via GlobeNewswire
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