LNG

Adriatic LNG, the operator of the largest of three Italian regasification terminals, said it would launch the open season bidding at the end of May 2022 to allocate the regasification capacity available from the end of 2022 to 2047.

Italian natural gas network company and LNG importer SNAM reported a more than 8 percent increase in net profits as more natural gas was used in Italy and it benefited from foreign investments in the Trans-Adriatic Pipeline bringing gas from Azerbaijan and its stake in the Abu Dhabi’s pipelines system in the United Arab Emirates.