Italy plans to spice up its liquefied pure gasoline (LNG) import capability to 27 billion cubic metres (bcm) from almost 17 bcm at present because it seeks to utterly exchange Russian gasoline provides following Moscow’s invasion of Ukraine.
In 2021, Moscow offered Rome with 29 bcm of gasoline through pipelines, equal to round 40% of Italy’s whole imports however Russian provides have fallen in latest months to round 10% of whole imports.
Italy, which may now rely on three LNG terminals, has mandated gasoline grid operator Snam SRG.MI to purchase and arrange two extra floating storage and regasification models (FSRU) close to the cities of Piombino and Ravenna.
A well timed begin for the Piombino FSRU is essential to permit Italy to fill gasoline storage amenities in time for winter 2023, Rome mentioned.
An Italian administrative court docket mentioned on Thursday it had dominated in opposition to a request for a precautionary halt on works at Piombino.
It might nonetheless resolve to cease the undertaking at a listening to it has scheduled on March 8 to evaluate longer-term questions of safety regarding the floating terminal.
Under are particulars on the brand new and current terminals:
NEW SITES
PIOMBINO/ITALY’S WEST COAST
Snam plans to moor a brand new FSRU dubbed ‘Golar Tundra’ within the port of Piombino for the following three years, earlier than transferring it offshore.
The FSRU can have an annual regasification capability of 5 bcm.
OFFSHORE RAVENNA/ADRIATIC SEA
Snam plans to position a FSRU dubbed ‘BW Singapore’ some 8 km off the coast of Ravenna within the Adriatic Sea.
The FSRU has a regasification capability of 5 bcm per yr and is predicted to change into operational on the finish of 2024.
The brand new FSRU has secured all of the inexperienced lights wanted.
SITES ALREADY IN USE
ROVIGO/ADRIATIC SEA
Adriatic LNG is Italy’s fundamental regasification terminal.
It’s situated within the northern Adriatic Sea, about 15 km off Porto Viro within the Veneto area, and is managed by Italy’s Terminale GNL Adriatico.
The power has lately expanded its yearly regasification capability to 9 bcm of gasoline.
The terminal, which began operations in September 2009, is 70.7% owned by ExxonMobil XOM.N, with Qatar Vitality and Snam controlling 22% and seven.3% respectively.
LIVORNO/TYRRHENIAN SEA
The LNG terminal managed by OLT Offshore LNG Toscana is moored about 22 km off the Tuscan coast between Pisa and Livorno.
The infrastructure, which was transformed from an LNG service to an FSRU, at present has an annual capability of three.75 bcm.
In October 2022 the Tuscany area authorized an improve of the terminal’s most regasification capability to five bcm a yr.
Snam is the primary investor in OLT Offshore LNG Toscana, with a 49.1% stake. World asset supervisor Igneo Infrastructure Companions holds a 48.2% stake, and Golar LNG GLNG.O owns the remaining 2.7%.
PANIGAGLIA/LIGURIA
The Panigaglia terminal is an onshore facility situated in Fezzano di Porto Venere in Italy’s northwestern Liguria area.
It has an annual regasification capability of three.5 bcm of gasoline.
Inbuilt 1971, Panigaglia is the primary regasification plant to be operational in Italy.
The plant is owned and managed by Snam unit GNL Italia.
LNG Terminals in Italy https://tmsnrt.rs/3HEfGWf
(Reuters – Reporting by Alberto Chiumento, Alessandro Parodi, Enrico Sciacovelli, Francesca Landini Modifying by Milla Nissi and Catherine Evans)
