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During the auctions, which took place from May 21-23, the slots were allocated and divided into a 15-year product (eight slots per year from gas year 2027/2028 to 2041/2042) and a 10-year product (four slots per year from gas year 2027/2028 to 2036/2037), according to OLT Offshore.
OLT Offshore offered slots of 165,000 cbm.
“Capacity awardees may apply, by June 9, 2025, for possible extension of the allocation to subsequent gas years, at the same award price and for the same number of slots awarded in the product,” the LNG terminal operator said.
As a result of this process, the capacity still available for the upcoming annual and multi-year auctions without an expression of interest to be held from July 3 to 10, 2025, will be published on June 10.
In such auctions, capacity will be offered in single gas years, OLT Offshore said.
FSRU Toscana
Earlier this year, OLT Offshore said that the FSRU Toscana will be in operation until the end of 2044 due to life extension work carried out on the FSRU in 2024.
In November 2024, the 137,100-cbm FSRU resumed operations about 22 km off the coast between Livorno and Pisa following completion of “extraordinary” maintenance at SGdP’s yards in Italy and France.
OLT said that while the FSRU was in the yard, the firm also carried out a set of works aimed at extending the useful life of the FSRU Toscana.
After that, RINA (Italian Naval Registry) issued the “declaration certifying the extension of the useful life of the terminal for an additional 20 years, ensuring operability and reliability until 2044.”
The FSRU has a maximum regasification capacity of 5 bcm a year and sends natural gas to Italy’s national grid via a 36.5-kilometer-long pipeline.
Italy’s Snam holds a 49.07 percent stake in the LNG terminal, while Igneo Infrastructure Partners owns a 48.24 percent share.
Also, Golar LNG, which provided the 2003-built FSRU, has a minor 2.69 percent stake in the LNG import facility.