LNG

July 30 (LNG) - ENI, the Italian oil and gas company and prominent LNG market participant, reported second-quarter earnings of €2.045 billion ($2.42Bln) in the form of an adjusted operating profit compared with a loss of €434 million in the same quarter of 2020.

   ENI said natural gas sales of 16.95 billion cubic metres increased by 22 percent compared with the same period of 2020. “This was mainly due to the higher gas volumes marketed outside Italy (Turkey and France) driven by the reopening of the economies and by higher volumes of LNG sold mainly by the Damietta (Egypt) plant. In the first half of 2021, natural gas sales were 34.43 Bcm, up by 13 percent.

   The Milan-based company’s natural gas production amounted to 4.34 billion cubic feet per day in the period, down by 7 percent compared with the 4.53 bcf per day posted in the same three months of 2020. “Lower production was due to higher maintenance activity, mature field declines and a decrease in Nigeria. These negatives were partly offset by a robust recovery of natural gas demand in certain areas, mainly in Egypt, and the start-up of Merakes field in Indonesia,” added ENI.

Italian natural gas network and LNG terminal operator Snam, Europe's first company to test the injection of a blend of hydrogen and natural gas into its grid, has signed a cooperation accord with LNG producer Abu Dhabi on studying the potential of green gases.

Oct 22 (LNGJ) - Societa Nazionale Metanodotti (Snam), the Italian natural gas grid operator with two of Italy's LNG import terminals in its portfolio, has signed an accord on switching Italian rail network trains from diesel to hydrogen, a fuel rival to LNG. The Snam memorandum of understanding was signed with Ferrovie dello Stato Italiane SpA, a state-owned holding company that manages infrastructure and services on the Italian rail network.

   Snam and FS Italiane plan to evaluate the technical and economic feasibility of hydrogen rail transport in Italy. “With this agreement, we are taking an important step in promoting a hydrogen value chain in Italy starting from sectors that are crucial for decarbonisation such as the transport of people and goods,” said Snam's Chief Executive Marco Alverà. “Thanks to the collaboration between FS Italiane and Snam, we aim to create infrastructure to rapidly convert trains currently powered by diesel in Italy to hydrogen, thus gaining a technological leadership to be capitalized on also at an international level,” added the Snam CEO.

GRTgaz, the French natural gas network operator and owner of LNG import terminals, has issued a report on gas flows and imports and exports during the Covid-19 crisis and the evolution of consumption and demand as gas-fired power stations begin to restart.

March 30 (LNG) - OLT Offshore LNG Toscana SpA., the operating company of the floating storage and regasification unit “FSRU Toscana” moored 22 kilometres off the Italian coast between the cities of Livorno and Pisa, had its updated gas agenda approved by Italian regulators. “One of the key changes introduced regards the possibility to send one or more expressions of interest for annual and multi-year regasification capacity,” said OLT Offshore. “This update has been introduced to offer to users the possibility to request regasification capacity in accordance with long-term import projects,” it explained.

   Expressions of interest for OLT Offshore’s allocation process will have the following timeframe: April 1st, 2020 , publication of available continuous capacity on OLT’s website; April 14, each interested party may send one or more expressions of interest to OLT; April 30, publication of the continuous capacity conforming to expressions of interest received; and starting from May 27, an auction on the PAR Platform.

The body representing German pipeline operators said the leading European Union nation would have enough natural gas this winter, despite restrictions on transit routes for Russian supplies because of an EU ruling in favour of Poland and as Germany is developing its first LNG import facilities.