Italian FSRU operator testing market interest for small-scale services

Italy’s OLT Offshore LNG Toscana is inviting companies willing to secure small-scale capacities at its FSRU located off the coast between Livorno and Pisa to submit their bids.

The FSRU operator has invited expression of interest to all interested parties on a non-binding basis.

Through the expression of interest, the potential users should provide, among others, the annual capacity expressed in the number of small-scale LNG carriers per year they expect to book but also their expectation on the tariff, according to OLT Offshore.

Interested parties should send the document by May 17, the Italian firm said.

Italian FSRU operator testing market interest for small-scale services
Image: OLT Offshore LNG Toscana

To remind, OLT Offshore won approval last year to offload LNG to small-scale vessels from its FSRU.

Following the approval, the FSRU Toscana became the first regasification terminal in Italy capable of providing small-scale services.

The FSRU has a capacity of 3.75 bcm a year and sends regasified LNG to Italy’s national grid via a 36.5 km-long pipeline.

Italy’s Snam has a 49.07% stake in the LNG terminal while Australian fund First State Investments owns a 48.24% share.

Golar LNG that provided the FSRU has a minor 2.69% stake in the LNG import facility.

Most Popular

Venture Global’s CP2 LNG to start mobilization and site preparation

Venture Global LNG's CP2 LNG has received approval from the US FERC to start mobilization and other limited activities for the LNG project in Louisiana.

Atlantic LNG shipping rates continue to decrease

Atlantic LNG freight shipping rates continued to decrease this week, while European prices also dropped compared to last week.

Prime Infra to buy 60 percent stake in First Gen’s Batangas LNG terminal

First Gen has entered into a deal with Prime Infrastructure Capital under which the latter will acquire a 60 percent equity stake in First Gen's gas business in the Philippines, including the Batanagas LNG terminal.

More News Like This

Italian FSRU operator allocates 160 regasification slots

Italy’s OLT Offshore LNG Toscana, the operator of the FSRU Toscana, has allocated 160 regasification slots up to 2042 following the completion of multi-year capacity auctions.

Italian FSRU operator to hold auctions for regasification capacity

Italy’s OLT Offshore LNG Toscana will next week hold auctions for regasification capacity booking at its FSRU located off the coast between Livorno and Pisa.

Italian FSRU to be in operation until 2044

Italy’s FSRU Toscana will be in operation until the end of 2044 due to life extension work carried out on the FSRU last year, according to operator OLT Offshore LNG Toscana.

Italian FSRU resumes ops after maintenance

"With extraordinary maintenance concluded on November 24, regasification activity officially resumed on November 25, with the receipt of the...