LNG

May 31 (LNGJ) - OLT Offshore LNG Toscana, the company that owns the floating LNG import terminal off the port of Livorno, has received authorization to increase its annual regasification capacity from the current 3.75 billion cubic metres to about 5 Bcm per year.

   “Thanks to the decree issued on May 26 OLT will be able to receive up to 122 small-scale LNG carriers per year to carry out the small-scale LNG supply service,” said the company. Giovanni Giorgi, Chief Executive of OLT Offshore, said a new chapter was beginning almost 10 almost after the start of operations at the terminal “Thanks to the increase in the authorized regasification capacity and in the number of berths for small-scale LNG carriers, and as part of the new small-scale LNG service, the ‘FSRU Toscana’ will be able to increase its contribution to diversification and security of supply,” added Giorgi.

Avenir LNG, the Norwegian small-scale LNG business, said the carrier “Avenir Accolade” would deliver the commissioning cargo to the latest Italian regasification terminal on the Mediterranean island of Sardinia after making its way from Asia.

Avenir, a joint venture between London-based Stolt-Nielsen and partners Höegh LNG and Golar LNG Ltd., took delivery of the 7,500 cubic metres capacity dual-purpose LBV “Avenir Accolade” in March 2021 from the Keppel Offshore and Marine shipyard in the Chinese port of Nantong.

The “Avenir Accolade” has an overall length of 124 metres and her beam is 18 metres.

Avenir said a ship-to-ship bunkering of the “Avenir Accolade” was carried out on April 26 by its sister ship, the “Avenir Advantage”, off Pengerang in the southern part of Peninsular Malaysia.

The Maltese-flagged “Avenir Accolade” is scheduled to transit the Suez Canal on May 15 into the East Mediterranean, according to shipping data.

“We’re thrilled to see the ‘Avenir Advantage’ alongside the ‘Avenir Accolade’, the first time they are back together since leaving the shipyard in Nantong,” said Peter Mackey, Chief Executive of Avenir LNG Ltd.

Schedule

“We look forward to welcoming the ‘Avenir Accolade’ to our HIGAS terminal in Sardinia in a few weeks’ time with the commissioning cargo onboard,” added Mackey.

“We continue to make significant strides in executing our strategy for Avenir LNG,” the CEO explained.

“The Avenir team and the crews onboard our vessels deserve a huge amount of praise for all they have accomplished during these enormously challenging times,” he stated.

Stolt-Nielsen started up the small-scale LNG sector firm Avenir in 2015 and its two main investors, Golar and Höegh, each have 22.5 percent of Avenir.

In addition to its growing small-scale fleet Avenir has an 80 percent stake in the small-scale Higas terminal being commissioned in May.

The terminal is located at the Port of Oristano and includes a jetty capable of receiving LNG vessels up to 20,000 cubic metres, an unloading arm, six horizontal cryogenic holding tanks of 1,500 cubic metres capacity each, two LNG truck-loading bays and a natural gas power generation system.

The Sardinian terminal will be capable of loading around 8,000 LNG trucks each year for subsequent distribution to smaller satellite stations across the island in a classic version of a targeted small-scale LNG project.

Sardinia currently lacks a system of access to natural gas and only a small number of industrial customers receive LNG by truck which is brought to the island by ferry.

Avenir LNG Ltd, a company owned by Norwegian shipping and infrastructure companies, has taken delivery of its first dual-purpose liquefied natural gas bunkering and supply vessel (LBV), the “Avenir Advantage”.

Avenir LNG, a company owned by Norwegian shipping and infrastructure companies, is making progress on the development of Italy’s first small-scale terminal at the Port of Oristano on the Mediterranean island of Sardinia.