Italian engineers Saipem awarded contract for fifth Italian LNG import terminal at Ravenna in upper Adriatic
Saipem, the Italian energy and LNG engineering company, was awarded a contract by Italian gas system operator SNAM for the construction of the associated facilities for the new Floating Storage and Regasification Unit (FSRU) to be located in the Adriatic Sea offshore Ravenna as Italy’s fifth import terminal.
Italian gas network operator reports higher earnings even as demand falls and LNG deliveries rise
Italian natural gas network operator Snam, one of Europe’s leading energy infrastructure companies and operator of two LNG import terminals, reported an almost 4 percent rise in nine-month revenues to €2.03 billion ($2.40Bln) even as natural gas demand dropped because of Covid-19 lockdowns.
Italian natural gas network operator Snam and partners optimistic on Kuwait LNG terminal bidding
Italian natural gas network operator Snam, one of Europe’s leading energy infrastructure companies, said it expected Kuwait Petroleum Corp., the Arab Gulf oil and gas company, to select a winner soon to run a liquefied natural gas import facility for which Italy’s grid operator has made a bid through a subsidiary.
Italian natural gas network operator Snam reports first-half volume falls as LNG imports edge lower
Italian natural gas network operator Snam, one of Europe’s leading energy infrastructure companies, said the volumes of gas injected into Italy’s network in the first half totalled 35.71 billion cubic metres, down 10.3 percent from the same period in 2019 because of the Covid-19 lockdown.
Italian gas network will upgrade oldest LNG terminal and completes UAE gas pipelines deal with partners
Snam Rete Gas, the Italian natural gas network operator, has decided to recommission storage at the nation’s oldest LNG import terminal near Genoa while also completing a $10 billion deal for a minority stake in gas pipelines in the United Arab Emirates.
Italian gas auctions
June 19 (LNGJ) - OLT Offshore LNG, the owner and manager of the “FSRU Toscana” floating LNG terminal deployed 22 kilometres off the Mediterranean coast of Italy, has published the dates of its annual and multi-year auctions without expression of interest.
The auctions will be held from 1st to 3rd July 2020, as follows: 1st July 2020 – an auction for the allocation of the regasification capacity for the Gas Year 2020-2021; 2nd July 2020 - auction for the allocation of regas capacity for the Gas Year 2021-2022; 3rd July 2020 - auctions for the allocation of regas capacity for each Gas Year from 2022-2023 to 2033-2034. Further details are on OLT’s website www.oltoffshore.it
OLT Offshore LNG Toscana sets up natural gas auction with early deadline on March 20
OLT Offshore LNG Toscana SpA, the owner of the floating storage and regasification unit “FSRU Toscana”, located offshore the West Coast of Italy, is auctioning a quantity of natural gas subject to various conditions.
The amount on offer is 101,400 megawatt hours under the conditions of a purchasing contract.
In addition, any bidders must have access to the Italian Virtual Exchange Point, the Punto di Scambio Virtuale (PSV), the national natural gas trading platform.
The Italian PSV is the sixth largest in Western Europe, after the Netherlands, the UK, Germany’s two trading points and the French platform, Trading Region France.
A second condition of the gas auction is that any buyer must have capacity access to the Italian natural gas transport system of Societa Nazionale Metanodotti (SNAM) Rete Gas SpA.
A final condition is that the documentation must be submitted from 9:00 am to 12:00 noon on 20 March 2020.
“Offers sent before or after this deadline will not be taken into consideration and will be automatically excluded,” said OLT Offshore.
SNAM agreed to acquire a controlling stake in the OLT Offshore LNG Toscana company in September 2019.
The vessel “FSRU Toscana” is moored 22 kilometres off the Italian coast between the cities of Livorno and Pisa.
It is connected to the Italian gas grid through a 36.5-kilometre pipeline from the shore.
SNAM acquired 49.07 percent of the share capital of OLT from Italian utility company, the Iren Group, and took joint control of the terminal with the global equity fund First State Investments.
The equity fund First State also bought German utility Uniper’s 48.24 percent stake in the facility in May 2019.
The only remaining original shareholders from the start-up of the LNG import project offshore Tuscany in 2013 is vessel owner Golar LNG with 2.69 percent.
Since operations began, the FSRU has handled LNG cargoes from 10 different countries, Algeria, Cameroon, Egypt, Equatorial Guinea, Nigeria, Norway, Peru, Qatar, Trinidad & Tobago and the United States.
The OLT Offshore facility has traditionally provided national peak-shaving services to Italy with LNG cargoes.
SNAM said that is acquisition of OLT guaranteed industry expertise in the management of a vital piece of infrastructure for the Italian energy system’s security and flexibility.
Spanish gas network and LNG terminals owner reports progress on Trans Adriatic Pipeline
Enagas, the Spanish natural gas network owner and LNG terminals operator, reported firm profits and the 85 percent completion of Trans Adriatic Pipeline, part of Europe’s Southern Gas Corridor.
Italian floating LNG import terminal deployed offshore Tuscany is working near full capacity
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.
Spanish gas network operator Enagas notes demand growth and gives LNG import schedule
Enagas, the Spanish natural gas network and terminal operator, said gas demand increased last year, led by industrial and commercial consumption as the economy improved, and more than 30 cargoes are scheduled to be received in early 2019 at the main LNG import terminals in Spain.
