OLT Offshore LNG Toscana, the Italian floating storage and regasification unit deployed offshore Tuscany, is working at almost 100 percent of its capacity less than a year after the implementation of new allocation mechanisms via auction.
OLT Offshore LNG Toscana, the floating terminal offshore the Italian Mediterranean port of Livorno in Tuscany, has chosen the winner of a liquefied natural gas cargo tender from six offers received.
European liquefied natural gas terminal stakeholders and network operators in Spain, Italy and Belgium have won majority control of the Greek gas grid operator sold in a tender by the government privatization agency.
European natural gas pipeline and LNG terminal companies, Fluxys of Belgium and Snam of Italy, have agreed to buy the one-third stake held in Interconnector UK, the bi-directional pipeline linking the UK to Belgium and the Continent, from a Canadian fund.
Gas Natural Fenosa, the Spanish utility and liquefied natural gas market participant, has sold its gas distribution assets in Italy to Rete Gas and Edison for a combined sum of 1.02 billion euros ($1.2Bln) as part of a restructuring plan.
Italian natural gas infrastructure company Snam, owner of the long-established Panigaglia import facility near the Mediterranean port of Genoa, has bought a stake in the offshore Adriatic regasification terminal on the east coast previously held by French-owned Italian utility Edison.
July 27 (LNGJ) - Snam, the owner of the Italian natural gas transmission system Snam Rete Gas as well as storage and an LNG terminal near Genoa, has signed a loan agreement with the European Investment Bank for 310 million euros ($364M) for the financing of projects aimed at developing the national gas system. The loan is over 20 years with interest at 1.5 percent. Snam also recently acquired from energy company Edison its Infrastrutture Trasporto Gas pipeline system, the third-largest in Italy, and its 7.3 percent stake in the Adriatic LNG terminal for 225M euros.
Italian energy company Eni and national gas infrastructure firm Snam have signed a framework agreement for the development of liquefied natural gas LNG stations in Italy, as part of a wider set of initiatives to promote sustainable transportation.
OLT Offshore LNG Toscana, the Italian owner of the import facility deployed offshore the Mediterranean coast, will again provide peak-shaving services for the natural gas network and has launched a tender for a cargo.