Portovesme FSRU

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Portovesme FSRU is a shelved (inferred 2 y) LNG import terminal in Italy.

Location

Table 1: Location details

Name	Location	Coordinates (WGS 84)
Portovesme FSRU	Portovesme, Italy	39.195612, 8.391925 (approximate)

The map below shows the approximate location of the terminal:

Loading map...

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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
Portovesme FSRU	import	shelved (inferred 2 y)	–	–	True	–

Table 3: Cost

Name	Facility type	Cost	Total known terminal costs
Portovesme FSRU	import	US$283,000,000	US$283,000,000

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
Portovesme FSRU	import	shelved (inferred 2 y)	2021	–	–	–	–

Ownership

Table 5: Ownership

Name	Facility type	Status	Owners	Parent companies	Operator
Portovesme FSRU	import	shelved (inferred 2 y)	Snam SpA [100%]	Snam SpA [100.0%]	Snam

Table 6: Vessel ownership

Name	Facility type	Status	Vessel	Vessel owners
Portovesme FSRU	import	shelved (inferred 2 y)	Golar Arctic	Golar LNG

Background

SNAM expressed interest in a second (following HIGAS LNG Terminal) import terminal on the island of Sardinia in February 2021.

In May 2022, Golar LNG signed a deal with SNAM to convert its LNG carrier, known as "Golar Arctic", into a floating storage and regasification unit for SNAM. Once the conversion is completed, the vessel will be sold to SNAM. The contract was priced at 269 million euros (283.3 million USD). In 2022, Golar stated that the conversion and delivery of the FRSU would be complete by 2024.

According to 2022 news reports, the project is a part of the Italy's plans to boost LNG imports, replacing Russian oil and gas, following the invasion of Ukraine.

In August 2023, LNG Prime reported that Golar LNG's deal to covert the Golar Arctic into an FSRU had fallen through because SNAM had not issued a notice to proceed. According to Golar's CEO, “This option lapsed in July and we are now reviewing alternatives for [the vessel], including long-term charter or asset sale.”

As of July 2025, there have been no project updates in over two years, and the project is inferred to be shelved.

Articles and Resources

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.