Italy’s Snam says most of Piombino FSRU capacity booked

Italian energy firm Snam has allocated most of the regasification capacity at the FSRU-based LNG import terminal in the port of Piombino for the next 20 years.

Snam purchased the 170,000-cbm vessel Golar Tundra from Golar LNG last year for $350 million as part of Italy’s plans to replace Russian pipeline gas and strengthen energy security.

The unit, which has a continuous regasification capacity of 5 billion cubic meters per year, arrived in Piombino on Sunday from Singapore.

Snam’s chief executive Stefano Venier confirmed last week the that firm is still expecting to launch the FSRU-based LNG import terminal in May.

According to a statement by Snam issued on Tuesday, the company’s unit FSRU Italia has already allocated more than 86 percent of the offered regasification capacity following the first allocation procedure.

Snam said that 37 slots per year out of a total of 43 slots per year have been allocated for the years 2023/2024 – 2043/2044.

The firm will soon offer the terminal’s remaining capacity of 6 slots per year.

Each slot corresponds to a capacity of 171,920 cbm of LNG or about 105 million cubic meters of gas, it said.

“The excellent result achieved enables the injection into the national transmission network of significant volumes of gas, substantially contributing to the diversification of supplies and security of the natural gas system,” Snam said.

Besides this capacity, Snam’s unit FSRU Italia has also launched a tender for the terminal’s commissioning cargo.

The winner of the tender would deliver a cargo of 165,000-170,000 cbm of LNG during April 27-June 16, according to the tender documents.

Most Popular

ConocoPhillips books Dunkirk LNG capacity

US energy giant ConocoPhillips has booked regasification capacity at France's Dunkirk LNG facility, and it also signed an Asian LNG sales and purchase deal.

Argentina’s Southern Energy takes FID on second FLNG

Argentina's Southern Energy takes FID on second FLNG

Aramco eyes large LNG portfolio

Aramco's long-term ambition is to have a portfolio of 20 million tonnes per annum (mtpa) of LNG capacity, according to Aramco’s CEO, Amin Nasser.

More News Like This

Italy’s Adriatic LNG to boost capacity

Italy’s Adriatic LNG import terminal, owned by VTTI and Snam, will carry out terminal modification work in August to boost its regasification capacity.

Italy’s Adriatic LNG boosts H1 regas volumes

Italy’s Adriatic LNG import terminal has boosted regasified volumes from its facility in the Adriatic Sea in the first half of this year, reaching a new record for the six-month period.

Snam launches Panigaglia LNG truck loading service

Italy's Snam has launched a truck loading service at its Panigaglia liquefied natural gas (LNG) terminal in the province of La Spezia.

Italian FSRU operator launches small-scale LNG service

Italy’s OLT Offshore LNG Toscana, the operator of the FSRU Toscana, has launched its small-scale liquefied natural gas service, enabling small vessels to load LNG at the FSRU.