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According to OLT Offshore, the auctions, relating to the capacity offered on an annual basis from gas year 2025/2026 to gas year 2043/2044, will be held from July 3 to 10.
The LNG terminal operator stated that the capacity will be offered in 165,000 cbm slots, with a deadline of July 1 for signing the contract and submitting guarantees.
Specifically, starting from gas year 2025/2026, OLT will offer an additional two regasification slots for each gas year, increasing the annual capacity up to 43 available slots.
This initiative is part of the wider project to increase OLT’s regasification capacity, already authorized up to a maximum of about 5 billion standard cubic meters per year, the company noted.
The company recently allocated 160 regasification slots up to 2042 following the completion of multi-year capacity auctions.
During the auctions, which took place from May 21-23, the slots were allocated and divided into a 15-year product (eight slots per year from gas year 2027/2028 to 2041/2042) and a 10-year product (four slots per year from gas year 2027/2028 to 2036/2037), according to OLT Offshore.
Life extension
Earlier this year, OLT Offshore said that the FSRU Toscana will be in operation until the end of 2044 due to life extension work carried out on the FSRU in 2024.
In November 2024, the 137,100-cbm FSRU resumed operations about 22 km off the coast between Livorno and Pisa following completion of “extraordinary” maintenance at SGdP’s yards in Italy and France.
OLT said that while the FSRU was in the yard, the firm also carried out a set of works aimed at extending the useful life of the FSRU Toscana.
After that, RINA (Italian Naval Registry) issued the “declaration certifying the extension of the useful life of the terminal for an additional 20 years, ensuring operability and reliability until 2044.”
The FSRU has a maximum regasification capacity of 5 bcm a year and sends natural gas to Italy’s national grid via a 36.5-kilometer-long pipeline.
Italy’s Snam holds a 49.07 percent stake in the LNG terminal, while Igneo Infrastructure Partners owns a 48.24 percent share.
Also, Golar LNG, which provided the 2003-built FSRU, has a minor 2.69 percent stake in the LNG import facility.