Italy’s Adriatic LNG boosts H1 regas volumes

According to Adriatic LNG, the regasification terminal located off the Veneto coast sent 4.5 billion cubic meters of natural gas into the national pipeline network during January-June this year.

This equals about 14 percent of national gas consumption and confirms Adriatic LNG as the third entry source for Italian gas imports.

The volumes rose 2.2 percent compared to 4.4 bcm in the same period last year, when they reached a half-year record.

Adriatic LNG’s facility received 39 LNG carriers during the first half, mostly from Qatar and the US, covering about 44 percent of Italy’s LNG imports.

Launched in 2009, the world’s first offshore gravity-based LNG import terminal sits about 14 kilometers offshore of Porto Levante and has regasification capacity of about 9.6 bcm per year.

Since the start of operations in 2009, Adriatic LNG has received more than 1170 LNG carriers from over 10 countries, delivering over 105 bcm of gas.

In March 2023, Adriatic LNG received its 1000th cargo of LNG since 2009.

In December last year, Rotterdam-based storage terminal owner VTTI, co-owned by Vitol, IFM, and Adnoc, and Italian energy firm Snam completed their acquisition of Adriatic LNG.

Italy’s largest LNG terminal is now owned by VTTI and Snam with 70 percent and 30 percent ownership, respectively.

US energy firm ExxonMobil previously had a 70.7 percent stake in Adriatic LNG, while state-owned LNG giant QatarEnergy held 22 percent and Snam owned 7.3 percent.