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On Monday, the Italian energy firm announced that the 2015-built 170,000-cbm FSRU BW Singapore, moored 8.5 kilometres offshore Ravenna, had completed commissioning within the scheduled time.
“Upon receiving the final authorizations from the competent authorities, the regasification activity will begin during the month of May, with the capacity being made available through competitive auction procedures in accordance with the provisions of the current regulatory framework,” Snam said.
The FSRU recently received its first US LNG cargo.
Similarly to the FSRU-based LNG import terminal already in operation in Piombino, BW Singapore, which Snam purchased from BW LNG in July 2022, has an annual regasification capacity of 5 billion cubic meters.
With its entry into operation, Italy’s total regasification capacity will rise to 28 billion cubic metres per year, a volume equal to that imported from Russia in 2021, according to Snam.
This will account for 45 percent of the country’s domestic gas demand, which will thus be met through a wider diversification of supply routes, the firm said.
In addition to these two FSRU-based terminals, Snam holds significant stakes in all the regulated LNG regasification terminals currently operating in Italy, including the Panigaglia terminal, the Adriatic LNG terminal, and the OLT FSRU Toscana terminal.
US LNG supplies
Snam said that LNG continues to provide a “key contribution” to the diversification of energy supplies to Italy.
In 2024, for example, LNG met a quarter of Italy’s gas demand, with 150 ships from around 10 different countries reaching the four regasification terminals in Italy
With the entry into operation of the Ravenna terminal, Italy has five operational terminals.
Snam said that this trend is continuing also in 2025.
“As of today, Italy received around 60 LNG tankers, half of which coming from the USA – up from approximately a third last year – from Qatar and from various African countries, for a total volume of almost 6 billion cubic meters,” the firm said.
Snam added that this equals about 30 percent of gas volumes imported into the country.