Snam is developing two floating LNG imports (FSRUs) projects in Piombino and Ravenna which have been authorized by the “Commissioners” as works been already started in Piombino terminal.
Snam is developing two floating LNG imports (FSRUs) projects in Piombino and Ravenna which have been authorized by the “Commissioners” as works been already started in Piombino terminal.
The operator has acquired 170,000-CM Golar Tundra FSRU to be utilized for the 3.8 MMT/Y Piombino LNG imports project.
Last month, the Italian government had approved plans for the rapid construction of the Piombino terminal, despite social oppositions from the local community, as it looks to make up for a shortfall of Russian gas imports, according to the
Global LNG Database®.
“With receipt of authorisation to begin operation of our regasification vessels, we take the first step in the remodelling of our national energy security, which will soon have to be accompanied by the expansion of transport and storage infrastructure and an acceleration of initiatives for the transition, in which Snam expects to play a leading role. This is the only way we can transform the current crisis into an opportunity for the construction of our future energy paradigm,” said Stefano Venier, Snam CEO.
Snam has also reported that its Greek Desfa’s revenue increased in 9M 2022 due to increased LNG imports and exports to Bulgaria via Revithoussa LNG imports terminal in Greece.
During 9M 2022, Italy’s lower gas import from Tarvisio pipeline [Russian gas] was offset by rising import through TAP, Passo Gries and Mazara del Vallo and also significant increase of LNG imports volumes, as the Panigaglia LNG terminal has regasified 1.47 BCM of LNG [in form of gas] up 34.9% YoY, according to Snam’s reports.
For the country’s security of gas supply, the Italian operator reported that storage facilities was 95% full as of November 2022.
Italian gas demand in 9M 2022 reported at 51.7 BCM, down 3.2% YoY, because of the industrial sector decline due to the high gas prices.
“The most recent projections for the evolution of natural gas demand in Italy this year point to a decline compared with 2021, due in particular to the effect of the increase in energy prices in the industrial sector and forecasts for warmer temperatures so far, as well as the measures envisaged in the National Natural Gas Consumption Containment Plan,” Snam has remarked.
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