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Acciona said in a statement the new breakwater will shelter the new floating terminal for industrial use at the port of Ravenna.
The firm did not mention Snam’s FSRU project in Ravenna, but RCM Costruzioni said in a separate social media post the contract is related to the FSRU terminal.
According to Acciona, the project has a tender budget of 216 million euros ($229 million).
The breakwater will consist of a vertical dock built with concrete caissons. It will be 880 meters long and 22 meters wide.
Moreover, the infrastructure will be located 8.5 kilometers from the coastline off Punta Marina, south of the port of Ravenna, in the North Adriatic Sea.
The project has a completion deadline of 24 months.
Acciona said the Port Authority of the North-Central Adriatic Sea will finance the work through a loan granted by Cassa Depositi e Prestiti, one of Italy’s leading development banks.
Ravenna FSRU
In December last year, Snam completed the purchase of BW LNG’s 2015-built FSRU BW Singapore for about $400 million.
The FSRU, with 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, will serve the Ravenna terminal in the Adriatic Sea.
Last year, the FSRU worked in Egypt under a charter with Egas which expired in November. After that, the vessel departed to Dubai, UAE.
The unit is still in a shipyard in Dubai for the necessary adjustments before its positioning on the coast opposite Marina di Ravenna.
Snam previously said it expects the FSRU to arrive at a jetty 8.5 km from Punta Marina at the end of the year and become operational in the first quarter of 2025.
The company confirmed the Q1 launch in its recent third-quarter results report.
According to Snam, works on the project are 80 percent complete, with the onshore part almost 100 percent complete and the offshore part about 70 percent complete.