Latest news with #NationalTransmissionSystem
Yahoo
2 days ago
- Business
- Yahoo
Poland's Gaz-System secures $593m loan for floating LNG terminal in Gdansk
Polish pipeline operator Gaz-System is set to receive a loan of 2.2bn zlotys ($593m) to develop the onshore section of the country's first floating storage and regasification unit (FSRU), reported Reuters. Scheduled for completion in 2028, the FSRU will be situated in the Bay of Gdansk and is expected to play a critical role in Poland's energy infrastructure. The project will establish infrastructure that will facilitate the offtake of increased volumes of liquefied natural gas (LNG) transported by sea, followed by regasification and delivery to the National Transmission System. The FSRU will be capable of LNG unloading, in-process storage, regasification of LNG and additional services. The loan from state-owned bank BGK is backed by EU funds and has a repayment period of 25 years. The funds will be directed towards constructing a 250km pipeline designed to link the floating LNG (FLNG) terminal to the central gas network of Poland, as detailed by BGK deputy president Marta Pustula. Earlier this year, Gaz-System completed the expansion of its LNG terminal in Świnoujście. This expansion increased the terminal's regasification capacity to 8.3 billion cubic metres (bcm), catering to nearly half of the annual gas demand of Polish consumers. In March last year, Gaz-System signed an agreement to acquire Gas Storage Poland from Polish refiner Orlen. The agreement bolsters Gaz-System's Polish gas market presence, complementing its Yamal pipeline and LNG terminal operations. Gaz-System also announced plans in April this year to modernise the Hermanowice gas metering station. This upgrade is a result of technical discussions with the Ukrainian gas transmission system operator (TSO) regarding the GCP GAZ-SYSTEM/UA TSO interconnection and aims to improve transmission system capacity, especially towards Ukraine. "Poland's Gaz-System secures $593m loan for floating LNG terminal in Gdansk" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
22-05-2025
- Automotive
- Yahoo
Bilfinger UK wins contract to maintain the National Transmission System
Bilfinger UK has been awarded a significant contract with National Gas to ensure the continuous flow of gas through National Transmission System (NTS) pipelines. This project is expected to generate up to 100 employment opportunities, with Bilfinger UK serving as the principal designer and contractor at crucial sites. Strategically placed compressor stations along the NTS are essential for maintaining gas flow. These stations, equipped with multiple compressor units, pressurise and propel the gas through the network at speeds reaching 25mph (40km/h). The Control System Refurbishment project, backed by the Office of Gas and Electricity Markets (Ofgem), will see Bilfinger UK executing a comprehensive design and construction programme, including panel design and manufacturing, while also fulfilling the role of principal contractor to ensure top-tier safety and performance standards. Following a two-year engagement in front end engineering design works, Bilfinger UK will now embark on a subsequent three-year programme of works. The contract involves a two-stage approach, emphasising early contractor involvement. Bilfinger's Engineering, Automation and Production divisions will contribute their expertise to deliver holistic solutions. Bilfinger Engineering & Maintenance UK Gas Framework director Ben Hill said: 'This contract is a testament to our successful collaboration with National Gas and our readiness to take the project forward into detailed design, build and commissioning. By utilising resources from our Engineering, Automation and Production teams, we are well-equipped to deliver comprehensive solutions that meet the highest standards of safety and performance. 'Our partnership with National Gas reflects our commitment to innovation, efficiency and sustainability and we look forward to continuing our collaboration to meet the challenges of net zero.' The primary design team, stationed at the Bilfinger UK headquarters in Warrington, will collaborate with colleagues in Chesterfield, St. Helens and on-site. During the design phase, the team will comprise 40–50 individuals, expanding to as many as 100 during the peak construction period. In February 2024, Bilfinger secured a similar contract with INEOS FPS, spanning three-years, to provide maintenance services for the Forties Pipeline System (FPS) in Scotland, with an option to extend for two additional years. This agreement, effective from January 2024, continues a partnership spanning more than ten years, aiming to ensure the FPS' reliability and longevity, which is vital for North Sea oil and gas transportation and processing. The contract will support both onshore and offshore facilities within the 169km pipeline system. "Bilfinger UK wins contract to maintain the National Transmission System" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business News Wales
21-05-2025
- Automotive
- Business News Wales
Bilfinger UK Secures National Gas Contract in South Wales
Bilfinger UK has secured a contract with National Gas which will play a vital role in maintaining gas flow along the National Transmission System (NTS) in South Wales. The contract will create up to 100 jobs, with Bilfinger UK undertaking the role of Principal Designer and Principal Contractor at key locations. Compressor stations are strategically located at intervals along the NTS to maintain the flow of gas. Each station comprises two or more compressor units that pressurise and direct gas through the NTS, ensuring it moves at speeds of up to 25 mph (40 km/h). As part of the Control System Refurbishment Project, funded by Ofgem, Bilfinger will undertake a multi-disciplinary design and construction programme including the design and manufacture of panels, whilst also operating as Principal Contractor ensuring the highest standards of safety and performance. Bilfinger UK has been engaged in a further three-year programme of works, having already been involved in Front End Engineering Design (FEED) works for two years. This contract follows a two-stage approach, leveraging early contractor involvement (ECI). Delivering comprehensive solutions and utilising expertise from Bilfinger's Engineering, Automation, and Production divisions, the core design team, based at Bilfinger UK's Headquarters in Warrington, will be supported by colleagues in Chesterfield, St. Helens and on-site. The design phase will involve 40 to 50 people, with up to 100 personnel operating during the peak construction phase. Ben Hill, Gas Framework Director at Bilfinger Engineering & Maintenance UK, said: 'This contract is a testament to our successful collaboration with National Gas and our readiness to take the project forward into detailed design, build and commissioning. By utilising resources from our Engineering, Automation, and Production teams, we are well-equipped to deliver comprehensive solutions that meet the highest standards of safety and performance. 'Our partnership with National Gas reflects our commitment to innovation, efficiency, and sustainability and we look forward to continuing our collaboration to meet the challenges of net zero.' Darren Clement, Vice President, Engineering, Automation & Projects at Bilfinger UK, added: 'Our team's expertise in engineering, automation, and production will be pivotal in ensuring the success of the Control System Refurbishment Project. This contract not only highlights our capabilities but also our commitment to creating jobs and supporting the local economy as we contribute to the reliability and efficiency of the National Transmission System.' Oliver Wood, Programme Director at National Gas, said: 'Ensuring the continued safe and efficient flow of gas across the National Transmission System is critical to the UK's energy security. This investment reflects our commitment to upgrading essential infrastructure and embracing innovative technologies. We're proud that this project will not only strengthen the resilience of our network but also create high-quality jobs and opportunities across South Wales and beyond.'
