LNG

Former SNAM SpA Chief Executive Marco Alvera, who has left the Italian gas grid operator with control of two Italian LNG import terminals to pursue his own venture, has been granted a pay-off of more than €5 million ($5.23M) plus other benefits.

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.