Italy’s Snam offers remaining Piombino FSRU capacity

Italy’s Snam is inviting companies willing to secure the remaining regasification capacity at the FSRU-based LNG import terminal in the port of Piombino to submit their requests.

Snam purchased the 170,000-cbm vessel Golar Tundra with a regasification capacity of 5 bcm from Golar LNG last year for $350 million, and the unit arrived in Piombino from Singapore last month.

FSRU Italia, a unit of Snam, has already allocated more than 86 percent of the offered regasification capacity following the first allocation procedure.

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

The company is now offering these remaining six slots per year.

According to a statement by Snam issued last week, the remaining capacity will be made available under an assignment procedure of regasification capacity products.

These include product 1, which is for ten thermal years from 2023/24 to 2033/34, extendable up to additional four thermal years, product 2, which is for three thermal years from 2023/24 to 2025/26, and product 3, which is for seven thermal years from 2027/28 to 2033/34, extendable up to additional four thermal years.

Snam said that interested parties must submit the assignment requests by April 27, 2023.

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

This facility will be the fourth large LNG terminal in Italy and the second FSRU-based facility.

Last year, Snam also bought one FSRU from BW and signed a deal to convert LNG carrier Golar Arctic into an FSRU.

Snam plans to employ the 2015-built FSRU BW Singapore to serve the facility off Ravenna.

The company owns the Panigaglia facility and has stakes in the FSRU Toscana and the Adriatic LNG import terminal.

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