Italy’s Adriatic LNG to launch binding open season for regas capacity

Italy’s Adriatic LNG terminal said it will later this month launch the binding open season for multiyear LNG regasification services at its facility in the Adriatic Sea.

The LNG terminal operator owned by ExxonMobil, QatarEnergy, and Snam, previously completed a non-binding expression of interest for annual and long-term regasification capacity from January 2029 to December 2048.

Now Adriatic LNG launched the accreditation phase for Open Season 2023 aimed at operators of the natural gas market interested in acquiring regasification capacity, it said in a statement.

It is offering incremental capacity, subject to conditions, starting from the first quarter of 2026, and multiyear LNG regasification services during the period January 2029-December 2048.

The incremental capacity is proposed up to 0.5 bcm per year, with an annual minimum threshold of 0.4 bcm per year.

Adriatic LNG is inviting firms to apply by July 14 to accredit themselves to participate in the binding phase of the open season, which will begin on July 19 and end on August 2.

Last year, Adriatic LNG offered about 147 bcm of regasification capacity for the period from October 2022 to December 2047.

According to Adriatic LNG, it has already allocated all the available capacities until the end of December 2028.

Launched in 2009, the world’s first offshore gravity-based LNG import terminal sits about 14 kilometers offshore of Porto Levante and has regasification capacity of about 9 bcm per year.

In March, Adriatic LNG received its 1000th cargo of LNG since 2009.

ExxonMobil has a 70.7 percent stake in Adriatic LNG, while QatarEnergy holds 22 percent and Snam owns 7.3 percent.

Most Popular

Delfin inks new deals for US FLNG project, eyes FID later this year

Delfin Midstream, the US developer of a floating LNG export project offshore Louisiana, is moving forward with the project by signing new deals with Siemens Energy, Samsung Heavy, and Black & Veatch.

Deutsche ReGas: Mukran LNG terminal hits record in Q2

German LNG terminal operator Deutsche ReGas claims that its FSRU-based LNG import facility in Mukran was the highest-performing LNG terminal in Germany in the second quarter of this year.

Ukraine’s Naftogaz to get another US LNG cargo from Orlen

Poland's Orlen will supply another US LNG cargo to Ukraine's Naftogaz, the fourth shipment as part of a deal signed earlier this year.

More News Like This

Golden Pass LNG seeks re-export approval

Golden Pass LNG, a joint venture owned by energy giants QatarEnergy and ExxonMobil, is seeking approval from the US DOE to export previously imported LNG from October, as it nears the launch of the first liquefaction train.

Knutsen, Shell name ninth LNG newbuild

Norwegian shipowner Knutsen and UK-based energy giant Shell have named the ninth and final LNG carrier in a series of 174,000-cbm vessels.

Golden Pass LNG contractors agree terms for second and third train

Japan's Chiyoda and US-based McDermott have signed a binding term sheet with Golden Pass LNG, a joint venture owned by QatarEnergy and ExxonMobil, to complete the construction of the second and third liquefaction units at the giant LNG export plant in Texas.

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.