In 2019 Shell completed construction and officially opened a new liquefied natural gas (LNG) regasification terminal that was constructed by Shell and Gasnor (a 100% Shell-owned subsidiary). As a result, Gibraltar has switched from diesel-fuelled power generation to cleaner-burning natural gas, using a newly commissioned 80-megawatt gas-fired power plant.

Powering Gibraltar’s homes and businesses with this reliable and cleaner energy is a hugely important step towards reducing emissions and it delivers on Her Majesty’s Government of Gibraltar’s (HMGOG) aim of reducing carbon dioxide emissions and improving air quality around the Rock of Gibraltar.

Construction of the terminal followed an LNG supply agreement signed in 2016 between Shell and Her Majesty’s Government of Gibraltar.

Natural gas-fired electricity generation has an important role to play in the transition to a lower-carbon global energy system. It can help to reduce greenhouse gas emissions and air pollution by displacing coal- and oil-fired generation.

LNG is delivered to the terminal by ship twice a month and at night, minimising disruption to the neighbouring port and airport. It is stored in five double-walled stainless-steel tanks, each able to hold 1,000 cubic metres of LNG.

On December 1, 2010 Shell completed the sale of its downstream businesses in Gibraltar to World Fuel Services.

This includes Shell’s retail, marine, commercial fuels, supply and distribution businesses, and Shell’s 50% shareholding in the aviation joint venture, Intoplane Services Gibraltar Ltd.

World Fuel Services will market, sell and distribute Shell-branded lubricants products and deliver Shell Marine Products to international customers in Gibraltar.

World Fuel Services will operate in Gibraltar as Gib Oil Ltd.

Contact details

Gib Oil Ltd
Western Arm
North Mole
PO Box 231
Gibraltar
 

Website: www.giboil.com
Tel: + 350 20048200
Fax: + 350 20075998
E-mail: info@giboil.com

For more information on Shell:

 

 

 

More in About Us

Who we are

Find out about our business, people and how we are working to power progress together with more and cleaner energy solutions.

What we do

Shell is an international energy company that aims to meet the world’s growing need for more and cleaner energy solutions in ways that are economically, environmentally and socially responsible.