Italy’s Adriatic LNG offers regas capacity from January 2029

Italy’s Adriatic LNG terminal, owned by ExxonMobil, QatarEnergy, and Snam, is inviting companies willing to secure regasification capacity at its facility in the Northern Adriatic Sea from January 2029 to submit their bids.

Adriatic LNG said in a statement it had launched a non-binding expression of interest for annual and long-term regasification capacity from January 2029 on.

The firm said that expressions of interest must be sent by May 12, 2023.

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.

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

Italy’s Adriatic LNG offers regas capacity from January 2029
Image: Adriatic LNG

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

In the open season framework, Adriatic LNG also conducted two market tests to verify the potential interest of operators in the possible development of two initiatives.

This included boosting regasification capacity from 0.5 bcm to 2 bcm per year and Wobbe index correction service.

According to Adriatic LNG, it has already allocated almost all the available capacities of some 9 bcm per year until the end of December 2028.

As per the period spanning from January 2029 to December 2033, Adriatic LNG is offering some 0.65 bcm per year, while from January 2034 to December 2044 it is offering some 1.18 bcm per year.

Also, Adriatic LNG is offering some 8.09 bcm per year for the January 2035-December 2042 period and 9 bcm per year for the January 2043-December 2052 period.

Most Popular

Woodside issues Louisiana LNG construction update

In October 2024, Woodside acquired all issued and outstanding Tellurian common stock for about $900 million cash, or $1.00 per share....

Trump lifts pause on non-FTA LNG export approvals

Trump issued the executive order, which was widely expected, just hours after officially taking over his second four-year term...

YPF, Indian firms ink Argentina LNG deal

According to a statement by YPF, the firm signed the MoU with GAIL, Oil India, and ONGC Videsh...

More News Like This

Hudong-Zhonghua delivers new QatarEnergy LNG carrier

China's Hudong-Zhonghua has delivered another 174,000-cbm liquefied natural gas (LNG) carrier built as part of the massive QatarEnergy shipbuilding...

Chart seals LNG equipment deal with ExxonMobil

This enabling agreement sets the terms, conditions, and commercial framework for Chart to provide LNG equipment, technology, and services...

Snam’s Ravenna FSRU arrives in Italy

BW Singapore set from DP World Drydocks shipyard in Dubai to Italy on November 25 after undergoing extensive repairs...

Snam’s Piombino FSRU gets 50th LNG cargo

Elio Ruggeri, Snam's executive director of LNG revealed the arrival of the 50th cargo in a social media post...