Friday, June 21, 2024
HomeLNGEni's first LNG cargo arrives in Piombino’s new regasification facility

Eni’s first LNG cargo arrives in Piombino’s new regasification facility

Italy’s energy group Eni has begun offloading the first liquified natural gas (LNG) cargo into Snam’s new regasification terminal in Piombino. The terminal has a total processing capacity of 5 billion cubic metres (bcm) per year or approximately 7 per cent of Italy’s gas demand. The LNG was produced at Egypt’s Damietta liquefaction plant, one of the facilities where Eni has invested with the strategic goal of growing its integrated liquefied gas portfolio.

“The arrival of the first load of gas, which will allow us to carry out the plant’s testing and fine-tuning operations, is another important step in equipping the country with an infrastructure that is fundamental to the security and diversification of supplies,” said Stefano Venier, CEO of Snam. “Proof of this is the fact that 86 per cent of the entry capacity has already been sold to multiple operators for 20 years and all of it in the next 3 years.”

Eni acquired regasification capacity at the Piombino terminal as part of its strategy to diversify LNG supplies to Italy through its internationally produced equity gas. Leveraging its strong relations with the countries where it operates and its trademark fast-track project development approach, Eni has increased the volumes of available gas from Algeria, Libya and Italy and increased the number of LNG cargoes from Egypt, Congo, Qatar, Angola, Nigeria, Indonesia and Mozambique.

In this way, Eni will be able to guarantee gas supplies to its customers through a more diversified portfolio. Contracted LNG is expected to exceed 18 million tonnes per annum (mtpa) by 2026, twice as much as in 2022, confirming LNG’s role as a reliable energy source in support of the security of supply and the energy transition.

Sign up for our newsletters

    Monthly newsletter – Delivering the most important energy stories of the month selected by our Editor-in-chief
    Weekly Oil&Gas roundup - All major news about the oil and gas industry, LNG developments, the upscaling of new gases and related EU regulations arriving in your mailbox every Monday.
    Weekly Renewables&Climate roundup - All major news about investments in renewable energy sources, environment protection, green hydrogen and new innovative ways to tackle the climate crisis arriving in your mailbox every Tuesday.

    Most Popular