LNG

Edison CEO Nicola Monti has confirmed EDF suspended an IPO or sale of its minority stake in its Italian subsidiary Edison due to uncertainty over Qatari LNG deliveries, citing the lack of visibility over Qatari LNG deliveries and unfavourable market conditions. The process could resume in early 2027.

Italian utility Edison has confirmed that QatarEnergy will not deliver LNG cargoes to its Adriatic regasification terminal until the beginning of December 2026. The Qatari state company extended force majeure, saying it would not be able to deliver another six cargoes.

QatarEnergies has notified Edison that it is unable to deliver three LNG cargoes, extending force majeure until the end of September, the Italian utility stated. A total of 24 cargoes, representing a combined 3 bcm of natural gas, are now subject to force majeure over the April-September delivery window, with Edison saying it has already replaced most of the lost volumes.

Qatar could restore LNG production at unaffected Ras Laffan trains within a month after safe shipping through Hormuz resumes, sources told Reuters. Shipping and logistics are deemed the main bottlenecks, rather than plant operation.

Turkey’s state-owned pipeline operator BOTAS and the Italian energy company Edison have agreed to work together on LNG trade and swap operations, while evaluating a new gas pipeline across the Mediterranean between Turkey and Italy.

Edison expects Qatari LNG supply will resume within 30-45 days after a peace deal, though initial deliveries would likely be just two-thirds of contracted supply, CEO Nicola Monti said.

QatarEnergy has extended force majeure on term LNG deliveries through mid-June, with Edison notified of a 10-cargoe shortfall while Petronet says it expects to receive its full contacted Qatari LNG volumes once Hormuz transits resume.

Italy’s Prime Minister Giorgia Meloni is scheduled to visit Algeria this week, seeking to step up pipeline gas imports after QatarEnergy notified Edison it cannot deliver the five contracted cargoes due in early April.

June 5 (LNGJ) - Edison SpA of Italy, the energy company involved in the Italian natural gas and electricity supply markets, confirmed talks to sell its natural gas storage facilities to gas grid and LNG terminals operator SNAM.

   Edison said it was negotiating for SNAM to purchase the Edison storage subsidiary Edison Stoccaggio. Successful completion of the talks would give SNAM control of gas storage facilities located in Cellino (Teramo), Collalto (Treviso) and San Potito e Cotignola (Ravenna), with a total storage capacity of about 1 billion cubic metres per annum. Edison itself is part of France’s EDF group.

Shell has joined with the other UK-based major BP to file a complaint with the US Federal Energy Regulatory Commission (FERC) against LNG developer Venture Global claiming the Arlington, Virginia-based company was “illegally withholding information” about delays in delivering LNG from its Calcasieu Pass export plant in Louisiana.