DESFA was awarded the operation and maintenance services of LNGI (Liquefied Natural Gas Import), the new liquefied natural gas terminal of the Kuwaiti state company, KIPIC. The contract has a duration of minimum five years and it was given to DESFA, after the completion of the second and last phase of the relevant tender, that of technical evaluations and discussions on the contract.

The high specialization and know-how of DESFA and of the shareholders Snam and Enagás, who will jointly perform the services, had a decisive contribution to the undertaking of the project. The experience gained by DESFA from managing the Greek transmission system and the LNG terminal in Revithoussa, also had a catalytic contribution to the undertaking of the project.

The LNGI Terminal is one of the largest LNG storage and regasification stations in the world, with eight liquefied gas storage tanks, having capacity of 225.000m3 each. According to KIPIC, the purpose of the project is to serve the industrial consumers of natural gas, but also to meet the growing needs of the country for a cleaner fuel for the production of electric power.

Nicola Battilana, CEO, DESFA, said: "The undertaking of the project for the provision of operation and maintenance services of the KIPIC LNG terminal by DESFA is an embodiment of the strategic decision of the company to participate in more international projects. With this development, DESFA acquires a presence in the Arab environment and, in fact, in one of the most impressive projects in the region, which will bring significant financial benefits, as well as top technical experience to the organization. Thus, the project comes to contribute decisively to the consolidation of DESFA as a highly competitive force at an international level, not only in the field of transport, but also in the management of natural gas infrastructure".

This project is added to DESFA activities making Greece an increasingly competitive energy force in the region of Southeast Europe, such as the company’s participation in the FSRU of Alexandroupolis, an investment that turns Greece into a natural gas hub for the Balkans.

About DESFA

The Hellenic Gas Transmission System Operator (DESFA) S.A. is responsible for the operation, management, utilization and development of the National Natural Gas System and its interconnections, in a technically sound and economically efficient way, in order to best serve its Users with safety, reliability and adequacy.

About KIPIC

KIPIC was established on 18th October 2016 as a new Subsidiary to Kuwait Petroleum Corporation (KPC). Bringing together some of the best industry expertise and world-class facilities, KIPIC’s mission is to be the leader in integrated refining and petrochemicals operations and liquefied natural gas import in Kuwait’s Al-Zour Complex.
KIPIC is responsible for operating and managing the largest grassroot integrated complex for refining, petrochemicals manufacture businesses and liquefied natural gas import facilities at Al-Zour complex.