LNG spurs Gibraltar’s energy transition – but demand as bunker fuel slow to take off

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Against the backdrop of soaring global gas prices and huge concern over Europe’s energy security this coming winter, the tiny 6.8 sq km British Overseas Territory of Gibraltar finds itself in a safer position. Nearly four years since its new North Mole LNG-to-power plant received its maiden cargo, and with a 30-year LNG supply and purchase agreement (SPA) with Shell in place, the Rock has felt minimal impact from the energy and cost of living crisis the rest of the continent is experiencing. Having shifted away from diesel-fuelled power, it is now focusing on reducing its emissions by allying LNG-to-power with solar, though its plan to become a leader in LNG bunkering has yet to take off.