EuropeLNG Terminals

Italian FSRU operator offers regas capacity

By LNG Prime Staff
Italian FSRU operator offers regas capacity
Image: OLT Offshore LNG Toscana

Italy’s OLT Offshore LNG Toscana is offering regasification capacity at its FSRU located off the coast between Livorno and Pisa.

In June last year, the firm allocated 34 slots for each gas year starting from 2023/2024 until 2026/2027.

Due to a high demand, the LNG import terminal reached 100 percent utilization rate in 2022.

For the current gas year 2022/2023 and the following one 2023/2024, the capacity has already been fully allocated, according to OLT Offshore.

OLT Offshore launched a new expression of interest and is offering regasification slots of 155,000 cbm for the period from 2024/2025 up to 2033/2034.

This includes 7 slots for gas years 2024/2025, 2025/2026, 2026/2027, 39 slots for the next two gas years 2027/2028, 2028/2029, 41 slots from 2029/2030 to 2032/2033, and 7 slots for 2033/2034.

Interested parties must send the expressions of interest by March 1, 2023, it said.

The FSRU has a storage capacity of 137,100 cbm and a regasification capacity of 3.75 bcm a year.

It sends regasified LNG to Italy’s national grid via a 36.5 kilometers long pipeline.

Italy’s Snam has a 49.07 percent stake in the LNG terminal, while Igneo Infrastructure Partners owns a 48.24 percent share.

Golar LNG, that provided the 137,100-cbm FSRU, has a minor 2.69 percent stake in the LNG import facility.

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