LNG

Jan 20 (LNGJ) - Italy’s Societa Nazionale Metanodotti (National Pipeline Company), also known as SNAM, plans to invest €10 billion ($10.8Bln) in natural gas pipelines and LNG facilities in its revised budget through to 2026. SNAM said €6.3Bln would go on pipelines, including upgrading the Adriatic Line. A further €1.4Bln would be spent on two LNG floating storage and regasification units (FSRUs) and €1.3Bln would go on expanding and upgrading gas storage sites.

   “Within a backdrop of extreme uncertainty and volatility, Snam has succeeded in guaranteeing maximum support to cope with the emergency, creating the basis for the necessary actions to tackle the near future,” said Stefano Venier, Chief Executive. “We will significantly increase investments compared to the past to strengthen our infrastructure and contribute to the country's greater energy security for the next few years and beyond,” added Venier.

Jan 3 (LNGJ) – Seven cargoes will be unloaded at European terminals in the next week. The 145,000 cubic metres capacity “Methane Rita Andrea” is delivering a shipment on January 3 to the Aliaga facility near the port of Izmir in Turkey from the Trinidad plant in the Caribbean, according to shipping data. The 75,000 cubic metres capacity carrier “Cheik Bouamama” is unloading a cargo on January 4 at the Italian Panigaglia terminal near Genoa from the Skikda plant in Algeria. The 141,000 cubic metres capacity vessel “LNG Cross River” will deliver a cargo on January 4 to the Sines terminal in Portugal from the Nigerian plant on Bonny Island.
   The 147,200 cubic metres capacity vessel “Arctic Princess” is scheduled to deliver a shipment on January 5 to the Dunkirk import terminal on the Channel coast of France from the Equinor plant at Hammerfest in Norway. The 216,000 cubic metres capacity vessel “Al Hamla” is scheduled to deliver a Qatargas shipment on January 5 to the Swinoujscie terminal in Poland. The 150,200 cubic metres capacity vessel “Seri Camar” will deliver a cargo on January 9 to the Aliaga facility in Turkey from the US Cove Point plant in Maryland. The 145,000 cubic metres capacity vessel “Milaha Qatar” will unload a Qatargas shipment on January 11 at the Adriatic LNG import facility in Italy.

OLT Offshore LNG Toscana, the Italian owner of the import facility deployed off the Mediterranean coast, will again provide peak-shaving services for the natural gas network and has launched an LNG cargo tender that closes on October 16.