Italian gas grid and LNG terminals operator Societa Nazionale Metanodotti (SNAM) has given a detailed update on the plans to deploy a floating storage and regasification unit (FSRU) at the port of Ravenna in the North of the Adriatic coast.
Deutsche ReGas GmbH, the German owner of the floating LNG terminal at the Baltic Sea port of Lubmin and with another floating terminal set to start at the nearby port of Mukran, said it would hold an open season in November for short-term capacities.
Growing liquefied natural gas importer Germany has started following the UK in rolling back uneconomic goals for achieving Net Zero emissions by 2050 with the German coalition government agreeing to relax environmental codes for the construction industry to boost the economy and increase energy requirements.
Wood Mackenzie, the UK energy consultants, said colder temperatures across Europe had increased month-on-month heating demand by 20 percent in December and forecast a softening of LNG prices in 2023.