Corinth clinches Ravenna FSRU pipeline gig from Snam

Greece-based Corinth Pipeworks, a part of Viohalco’s Cenergy, has secured a contract from Italy’s Snam to supply steel pipes for the latter’s planned FSRU-based LNG import project offshore Ravenna in the Adriatic Sea.

According to a statement by Corinth, the firm will manufacture and supply about 13 km of longitudinally submerged arc-welded steel pipes (LSAW) for the development of an offshore and onshore natural gas pipeline which will connect the FSRU-based terminal with the grid.

The Greek firm said the contract is worth more than 10 million euros ($10.59 million).

Moreover, the 26-inch pipeline will also be certified to transport up to 100 percent hydrogen, it said.

Corinth said it will manufacture the pipes at its facilities and they will include internal and three-layer polypropylene, external coating, as well as concrete weight coating applied at the same location as pipe manufacturing at Thisvi, Greece.

Earlier this month, Italy’s Saipem, through a temporary association of companies with Rosetti Marino and Micoperi, won a contract for the FSRU project from Snam.

According to Snam, the project consists of the engineering, procurement, construction, and installation (EPCI) of a new offshore facility, linked to the existing one, for the docking and mooring of the FSRU.

Snam noted that the facility will connect to shore via an offshore pipeline 8.5 km in length, plus a 2.6 km onshore pipeline, and a parallel fibre optic cable.

Italy’s Rosetti Marino said in a separate statement that activities on the Ravenna FSRU contract are expected to be completed by November 2024.

BW Singapore

Last year, Snam purchased BW LNG’s 2015-built FSRU BW Singapore for $400 million, and plans to install it off Ravenna next year.

The FSRU has a maximum storage capacity of about 170,000 cubic meters of LNG and a nominal continuous regasification capacity of about 5 billion cubic meters per year.

It currently works in Egypt and the FSRU’s charter contract with Egas expires in November 2023.

Snam already launched this year the FSRU-based LNG import terminal in the Italian port of Piombino.

The company purchased Golar Tundra with a regasification capacity of 5 bcm from Golar LNG last year for $350 million, and the unit arrived in Piombino from Singapore in March.

This is Italy’s fourth large LNG terminal and also the second FSRU-based facility.

Snam owns the Panigaglia facility and has stakes in the FSRU Toscana and the Adriatic LNG import terminal.

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