Italian gas grid and LNG terminals owner SNAM reports drop in gas demand even as LNG deliveries increase
SNAM, the Italian natural gas grid and LNG terminals operator, said gas demand in Italy in the first quarter dropped by 19.4 percent to 20.54 billion cubic metres compared with 25.47 Bcm at the same time a year ago even as more LNG cargoes were unloaded at the Panigaglia onshore terminal near Genoa and Italy’s fourth terminal was starting operations at the end of May.
Italy hopes to secure boost in pipeline gas from LNG exporter Algeria to partly replace Russian volumes
Algeria has said that it was preparing to sign a new pipeline natural gas supply agreement with Italy for around 9 billion cubic metres per annum.
Italian gas network operator reports higher earnings even as demand falls and LNG deliveries rise
Italian natural gas network operator Snam, one of Europe’s leading energy infrastructure companies and operator of two LNG import terminals, reported an almost 4 percent rise in nine-month revenues to €2.03 billion ($2.40Bln) even as natural gas demand dropped because of Covid-19 lockdowns.
