The Italian energy infrastructure company Snam has completed the purchase of a 5 bcm/year floating storage and regasification unit (FSRU), which will be moored at the Ravenna LNG terminal, located in the region of Emilia-Romagna (north-eastern Italy). The BW Singapore FSRU, built in 2015, was purchased by Snam from BW LNG for about US$400m (€367m). It has a maximum storage capacity of about 170,000 cm of LNG.
The Ravenna LNG terminal, which is due to start operations in 2025 and for which Snam announced a total investment of US$1bn, is the second regasification terminal developed by the Italian company, following the development of the 5 bcm/year Piombino regasification terminal in Livorno, which received its first commercial LNG cargo in July 2023. Snam expects the two FSRUs to raise Italy's total regasification capacity from the current 25% to around 40% of the overall gas demand.
Italy imported nearly 10 bcm of LNG in 2022 (about 14% of the country’s total gas imports during that year).