Adriatic LNG, ten years ceremony

Saglia (ARERA): “LNG crucial in the market”

Venice was the place of ceremony on the tenth anniversary of Adriatic LNG, an LNG regasification terminal offshore Veneto’s coast which since 2009 has registered the arrival of over 700 LNG carriers accounting for over 59 billion m3 of gas put into the national network.
A message reads that Adriatic LNG has so far imported LNG from eight countries – Qatar, Egypt, Trinidad and Tobago, Equatorial Guinea, Norway, Nigeria, the United States and Angola – and it is “among the most heavy used in Europe” with a rate of 81% in 2018, which reached 96% in the first 8 months of 2019.
Meanwhile, Adriatic LNG is getting ready to receive the last generation LNG carriers Q-Flex that can transport up to 217,000 m3 of LNG.
The ceremony held on Monday was attended, among others, by Qatar’s Minister for Energy and President and CEO of Qatar Petroleum, Saad Sherida Al-Kaabi, ARERA Commissioner Stefano Saglia and President of Snam, Luca Dal Fabbro.
Saglia particularly pointed out to the “crucial role” of LNG in the gas market and he also talked about the Authority’s regulation on regasification capacity assignment on auction as a “best practice in Europa”.
Adriatic LNG is invested by ExxonMobil (70.7%), Qatar Petroleum (22%) and Snam (7.3%).

Energy Morning is an information service on facts and news on the energy industry. As such, the contents of this service do not directly or indirectly reflect the vision and strategy of Snam on the topics covered.

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11 September 2019 - 15:47 CEST