Toscana LNG Terminal

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Toscana LNG Terminal, also referred to as Livorno LNG Terminal, is an LNG terminal off the coast of Livorno Province, Italy.

Location

The map below shows the approximate location of the terminal, 22km off the coast of Livorno Province, Tuscany Region.

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Project Details

  • Owner: OLT Offshore LNG Toscana SpA
  • Parent: First State Investments (a subsidiary of Mitsubishi UFJ Financial Group, via First Sentier Investors Ltd)[1] (48.24%), Snam (49.07%), Golar LNG (2.69%)[2][3]
  • Location: 22 km off the coast of Livorno Province, Tuscany Region, Italy
  • Coordinates: 43.644444, 9.988889 (approximate)
  • Capacity: 2.8 mtpa[2]
  • Status: Operating
  • Type: Import
  • Start Year: 2013[2]

Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day

Background

Toscana LNG Terminal is a floating liquefied natural gas (FLNG) regasification terminal off the coast of Livorno Province, Italy. The terminal was created from a converted former LNG carrier ship, the "Golar Frost". Conversion work was conducted by Saipem in Dubai, and began in June 2009.[4][5] The unit arrived in Tuscany in July 2013, received its first cargo in October 2013, and entered into commercial operations in January 2014.[6][7][8]

The Toscana terminal is equipped to receive cargoes of up to 180,000 liquid cubic meters, allowing it accommodate most types of vessels. It has received LNG deliveries from a dozen different countries in Europe, Africa, the Americas and the Middle East. As of February 2019, the terminal reported that it was operating at 92% of its capacity.[9]

Ownership

The terminal was originally owned by a consortium of Italy's Iren Group (49.07%), Germany's Uniper (formerly part of E.ON) (48.24%), and Norway's Golar LNG (2.69%). In May 2019, the Australian fund First State Investments acquired Uniper’s 48.24% share in the project. In February 2020, Snam completed the acquisition from Iren Group of a 49.07% stake in the terminal.[2][3] The €400 million sale to Snam resulted in the following new ownership structure: Snam (49.07%), First State Investments (48.24%), and Golar LNG (2.69%).[3]

Opposition

Opposition groups have cited the low utilization rates of Italy's operating LNG terminals to call into question the necessity of such extensive LNG infrastructure in the country. According to Food and Water Europe's 2019 profile on Italy's gas use, "Between January 2012 and March 2019 all Italian LNG terminals were used at only ~31% of their capacity."[10]

Articles and resources

References

  1. Mitsubishi UFJ Financial Group], Wikipedia, May April 8, 2020
  2. 2.0 2.1 2.2 2.3 The LNG Industry: Annual Report 2020, page 38, International Group of Liquefied Natural Gas Importers, accessed April 29, 2020
  3. 3.0 3.1 3.2 "Snam in the share capital of OLT (Offshore LNG Toscana) • News". ConferenzaGNL. September 26, 2019.
  4. OLT Offshore LNG Toscana website, accessed July 2017.
  5. Livorno LNG Terminal, A Barrel Full, accessed April 2017.
  6. FSRU Toscana Arrives in Italy, LNG World News, 1 Aug. 2013.
  7. GNL Livorno, primo gas in rete, SNAM press release, 8 Oct. 2013.
  8. First floating LNG platform begins commercial operations, Port Technology, 13 Jan. 2014.
  9. "OLT Offshore running FSRU Toscana at near full capacity". Offshore Energy. 2019-02-13.
  10. Italy Food and Water Europe, accessed December 5, 2019

Related GEM.wiki articles

External resources

External articles