Snam, SPP extend LNG MoU

According to Snam, the two firms originally signed the MoU in 2023, while the extension was signed in Rome on Tuesday.

“The main areas of cooperation concern access to LNG regasification and storage capacity in Italy, as well as transportation capacity from Italy to Slovakia via Austria through the Tarvisio exit point,” the company said.

Snam did not provide further information.

Besides this MoU, SPP signed similar deals with Italian energy firms Eni and Edison in 2023.

Snam recently launched commercial operations at its FSRU-based LNG import facility in Italy’s Ravenna.

The 2015-built 170,000-cbm FSRU BW Singapore is moored 8.5 kilometres offshore Ravenna.

Such as the 170,000-cbm FSRU Italis LNG, previously known as Golar Tundra, which operates in Piombino, BW Singapore has an annual regasification capacity of 5 billion cubic meters.

With this unit, Italy’s total regasification capacity rose to 28 billion cubic meters, equivalent to the volumes imported by pipeline from Russia in 2021, before the Russian-Ukrainian war, according to Snam.

In addition to these two FSRU-based terminals, Snam holds significant stakes in all the regulated LNG regasification terminals currently operating in Italy, including the Panigaglia terminal, the Adriatic LNG terminal, and the OLT FSRU Toscana terminal.