Piombino FSRU

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Piombino FSRU, also known as FSRU 1 - SNAM, is an operating LNG import terminal in Italy.

Location

Table 1: Location details

Name	Location	Coordinates (WGS 84)
Piombino FSRU	Port of Piombino, Italy	42.932151, 10.54641 (approximate)

The map below shows the approximate location of the terminal:

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Project Details

Table 2: Infrastructure details

mtpa = million tonnes per year

Name	Facility type	Status	Capacity	Total terminal capacity	Offshore	Associated infrastructure
Piombino FSRU	import	operating	3.67 mtpa	3.67 mtpa	True	–

Table 3: Cost

Name	Facility type	Cost	Total known terminal costs
Piombino FSRU	import	–	–

Financing

No financing data available.

Table 4: Project timeline

FID = Final Investment Decision, used by some developers to indicate a project will move forward

Name	Facility type	Status	Proposal year	FID year	Construction year	Operating year	Inactive year
Piombino FSRU	import	operating	2022	–	2022	2023	–

Ownership

Table 5: Ownership

Name	Facility type	Status	Owners	Parent companies	Operator
Piombino FSRU	import	operating	FSRU Italia [100%]	Snam SpA [100.0%]	FSRU Italia

Table 6: Vessel ownership

Name	Facility type	Status	Vessel	Vessel owners	Vessel operator
Piombino FSRU	import	operating	Italis LNG	Golar LNG	FSRU Italia

Background

Piombino FSRU is a 5 bcm/y (3.675 mtpa) floating storage and regasification unit (FSRU) proposed to be located in the Italian port of Piombino, on the western coast of the country. In June 2022, Snam bought the Golar Tundra vessel, to be deployed at Piombino, from Golar LNG for a price of US$350 million. Piombino FSRU is among European countries' ongoing efforts to address the European gas crisis.

In October 2022, a state-appointed commissioner formally approved the project. The project received approval in four months, far faster than usual for such projects in Italy. Preparatory work for the terminal could start as early as late October.

The mayor of Piombino stated that he would challenge the approval of the terminal in court. In January 2023, an Italian court ruled against the challenge, which included a precautionary request to suspend work at the terminal cite due to possible safety risks to local population and maritime traffic.

In January 2023, Snam's chief executive Stefano Venter told investors that the project would be operational by May 2023. In July 2023, the terminal received its first commercial cargo from Eni.

Location

In December 2022, Italy's Snam said that it would choose an offshore location for the FSRU over the next 100 days, as the terminal's initial location faced legal challenges. The FSRU would remain in its original location in the port of Piombino for the first three years of operation, after which it will move offshore.

In November 2023, Reuters reported that a final, offshore location for the FSRU had been selected: off the coast of Vado Ligure and Savona in Italy's northwestern region of Liguria. The terminal will be relocated offshore by the end of 2026.

A document, released by Snam, mentions that the terminal will be relocated to a new site. According to the document, shutdown, relocation and recommissioning of the terminal will last for a maximum of twelve months, starting from October 1, 2026, or from the first day after the thirty-sixth month after the FSRU terminal becomes operational, whichever is earlier.

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Additional data

To access additional data, including an interactive map of LNG terminals, a downloadable dataset, and summary data, please visit the Global Gas Infrastructure Tracker on the Global Energy Monitor website.