| Gas Natural Rioja to start work this month on installation of liquefied natural gas plant to supply San Asensio | |
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The first gas customers in the town will be able to enjoy the benefits of this energy in the spring.
The Mayor of San Asensio, Juan Francisco Blanco, and the Director of Gas Natural Rioja, Miquel Andreu, signed a lease contract for the land on which the liquefied natural gas plant (LNG) to supply the distribution network in the municipality will be installed.
Gas Natural Rioja plans to invest approximately 600,000 euros over the coming years in San Asensio to build a natural gas network of over five kilometres, which will allow 80% of homes and businesses in this town of 1,200 inhabitants to enjoy the benefits offered by natural gas this spring.
The land on which a 30 m LNG plant will be installed lies in the south of the municipality, on the La Mina Industrial Estate. Work on building the distribution network will begin this month, which will leave the industrial estate and reach the town along Camino de Valpierre to then continue along Calle José Iturmendi, Avenida de La Rioja, Calle Pecho las Cuevas, Calle La Torre and Calle La Cruz, among others.
Natural gas is the most efficient and environmentally-friendly conventional fuel and is the most economical continually-supplied energy source. Gas is an energy of the future that contributes to making industrial and business production processes more efficient and improves the quality of life and comfort in homes. Thanks to lower and more stable prices, natural gas now enables users to save on their energy bills.
Presence in La Rioja
Gas Natural Rioja, a regional distributor of GAS NATURAL FENOSA, has a distribution network spanning 810 kilometres and already supplies 35 towns. Once it has gained over 100,000 users, the company plans to expand to 23 new towns by 2018. The municipalities of Trico and Murillo de Río Leza were already connected this year, while it is expected that those of Pradejón, Cervera and San Asensio will be connected soon.
Logroño, 15 December 2015.
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LNG Ltd.
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DEVELOPMENT STAGE |
CODE : LNG.AX |
ISIN : AU000000LNG0 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
LNG is a producing company based in Australia. LNG develops natural gas in Australia. Its main asset in development is GLASSTONE LNG PROJECT in Australia. LNG is listed in Australia. Its market capitalisation is AU$ 22.1 millions as of today (US$ 17.0 millions, € 14.1 millions). Its stock quote reached its highest recent level on April 24, 2015 at AU$ 5.00, and its lowest recent point on April 24, 2020 at AU$ 0.04. LNG has 512 979 968 shares outstanding. |