Italian FSRU to be in operation until 2044

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 in a statement on Friday 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.”

Capacity offering

OLT Offshore is now offering capacity under the annual and multi-year allocation process from gas year 2027/2028 to gas year 2044/2045.

According to the FSRU operator, capacity has already been fully allocated for the current gas year, and until gas year 2026/2027.

The continuous capacity, offered in slots of 165,000 cbm, is equal to 29 slots in gas years 2027/2028 and 2028/2029, 31 slots from gas year 2029/2030 to gas year 2043/2044, and 7 slots in gas year 2044/2045.

OLT also said that users to whom capacity had already been allocated in gas years 2032/2033 and 2033/2034 can request, by 2026, the allocation of capacity in the following gas years for the same number of slots at the same allocation price.

The firm said that expressions of interest must be submitted by April 1, 2025.

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 kilometers 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, that provided the 2003-built FSRU, has a minor 2.69 percent stake in the LNG import facility.