Italy to Approve New LNG Terminal Next Week
(Reuters) — A state-appointed commissioner said on Friday he would give the go-ahead for Italy's new LNG terminal in the Tuscan port of Piombino at the beginning of next week, in time for it to start delivering gas in the spring.
The infrastructure is part of Prime Minister Mario Draghi's outgoing government's plan to replace dwindling Russian gas supplies, which last year provided 38% of Italy's needs.
Under Rome's mandate, gas grid operator Snam in June bought a new floating storage and regasification unit (FRSU), pledging to have it operational by March 2023.
The 5 billion cubic meter capacity project has encountered stiff opposition from local and environmental grassroots associations, led by Piombino mayor Francesco Ferrari.
Ferrari is concerned about potential negative impacts on the environment and health risks for the population while other critics say the big-scale project will likely keep Italy hooked on gas for longer, slowing down its transition to renewable energy.
After a meeting with the commissioner and Snam in Florence, Ferrari said he would challenge the upcoming LNG approval decision in court.
"It is his right, we are in a democracy, but in the meantime the works will start," commissioner Eugenio Giani said.
Giani, who is also the president of the Tuscany region, said Snam confirmed that the FRSU would be able to start delivering gas in April 2023.
The commissioner added that the approval would be issued with conditions to ensure safety, respect for the environment and the prevention of damage to the port's infrastructure.
The new terminal will help refill the country's storage system that will run almost empty by the end of this winter and shore up Italy's energy security, the CEO of Italian energy company Eni ENI.MI, Claudio Descalzi this month.
Related News
Related News
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- Boardwalk Approves 110-Mile, 1.16 Bcf/d Mississippi Kosci Junction Pipeline Project
- Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- Enbridge Should Rethink Old, Troubled Line 5 Pipeline, IEEFA Says
- Polish Pipeline Operator Offers Firm Capacity to Transport Gas to Ukraine in 2025
Comments