Italy Commissioner Gives OK For New LNG Terminal In Piombino
10.25.2022 By Ella Keskin - NEWS

October 25, 2022 [Reuters] – A state-appointed commissioner in Italy on Tuesday gave his formal go-ahead to the set up of a new liquefied natural gas (LNG) terminal in the port of Piombino, on the western coast of the country.


Preparatory works by gas grid operator Snam (SRG.MI) for the infrastructure can start on Wednesday, Commissioner Eugenio Giani said during a press conference in Florence.

The floating storage and regasification unit (FSRU), which is part of a broader plan designed by the former government of Mario Draghi to replace dwindling Russian gas supplies, needs to be operational by end-March.

The gas grid operator said it would study the conditions attached to the authorization to allow for a timely start of the works and to have the 5 billion cubic metre capacity terminal up and running on schedule.

“Snam expresses satisfaction with the positive conclusion of the authorization process for the FSRU Piombino Project, which will make a decisive contribution to the security and diversification of the country’s energy supplies,” the company said in a statement.

Neither Snam nor Giani unveiled the conditions under which the project has received the go-ahead in less than fourth months, a time lapse much shorter than what normally happens in Italy for such projects.

“It’s reasonable to believe that the conditions put in place are manageable by Snam, also given what had been agreed with the government so far,” Giani said, adding he expected gas to be delivered through the terminal in mid-April.

The authorisation is also linked to the request of state-funded benefits that will have to be approved by the new government headed by far-right leader Giorgia Meloni.

The region of Tuscany has asked for hundreds of millions of euros in investments in exchange for allowing the terminal in the Tuscan port, it said on Monday.

The mayor of Piombino said on Friday he would challenge the approval of the infrastructure in court.



Pro Trial: Access 11,340 Tank Terminal and Production Facilities

11,340 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Will Brent Break Below $70 This Year?
03.28.2023 - NEWS
March 28, 2023 [] – Brent oil prices briefly slumped to $70 per barrel on Monda... Read More
Oil Updates: Crude Price Falls; Goldman Sachs Cuts Brent Oil Forecasts
03.28.2023 - NEWS
March 28, 2023 [ARAB NEWS] – Oil prices fell on Monday to their lowest in 15 months on conc... Read More
Oil Falls in Asian Trade as US Crude Inventories Rise Unexpectedly
03.28.2023 - NEWS
March 28, 2023 [Herald LIVE] – Traders await US Energy Information Administration data and ... Read More
Biggest Oil Traders Avoiding Russian Business
03.28.2023 - NEWS
March 28, 2023 [RIGZONE] – The world’s biggest oil traders say they are still avoiding ha... Read More