HomeNewsOLT Offshore LNG Increases Regasification Capacity

OLT Offshore LNG Increases Regasification Capacity

6/1/2023

(P&GJ) — OLT Offshore LNG Toscana has received authorization to increase its annual regasification capacity from the current 3.75 billion to about 5 billion standard cubic meters per year.

Thanks to the decree issued on May 26, 2023, by the Ministry of Environment and Energy Security (MASE), in agreement with the Ministry of Infrastructure and Transport (MIT) and with the Tuscany Region, OLT will also be able to receive up to 122 small LNG carriers per year to carry out the small-scale LNG service.

The increase in regasification capacity at the FSRU Toscana Terminal is part of the broader national strategy related to the European energy emergency in 2022 and in line with what is enshrined in the REPowerEU.

The capacity increase does not involve plant modifications, but a greater utilization of the existing plant with increased quantities of LNG discharged and regasified.

The additional regasification capacity will be available starting from the next Gas Year and will be allocated according to the terms of OLT's Regasification Code.

As specified, the ministerial decree also authorizes the increase of up to 122 Small Scale LNG carriers (SSLNGc) per year for Small Scale LNG service.

The new service, for which the plant upgrade has been completed, provides that small LNG carriers can load LNG directly at the FSRU Toscana Terminal, to refuel LNG ships or to deliver it to coastal deposits within Mediterranean ports. The commercial offer of the service is expected soon.

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