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Portovesme FSRU is a floating storage and regasification unit proposed in the port area of Portovesme, Sardinia, Italy.[1]
Location
The terminal is proposed to be located in the port area of Portovesme, Sardinia, Italy.[1]
Project details
- Operator: SNAM SPA[2]
- Owner: SNAM SPA[1]
- Parent company: SNAM SPA[1]
- Vessel:
- Vessel operator:
- Vessel owner:
- Vessel parent company:
- Location: Port area of Portovesme, Sardinia, Italy[1]
- Coordinates: 39.195612, 8.391925 (approximate)
- Capacity:
- Type: Import[1]
- Financing:
- FID status: Pre-FID[2]
- Associated infrastructure:
Background
SNAM expressed interest in a second (following HIGAS LNG Terminal) import terminal on the island of Sardinia in February 2021.[6]
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.[5] 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.[7]
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.[7]
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.”[4]
Articles and resources
References
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 Smith, Christopher (May 18, 2022). "Snam signs Golar for Sardinia FSRU conversion". Oil & Gas Journal. Archived from the original on June 29, 2022. Retrieved June 29, 2022.
- ↑ 2.0 2.1 2.2 2.3 "Ordinary Shareholders' Meeting of Snam S.p.A." (PDF). SNAM. April 27, 2021. Archived (PDF) from the original on June 29, 2022. Retrieved June 29, 2022.
- ↑ 3.0 3.1 3.2 "Europe Will Add 50 Bcm of LNG Import Capacity by End-2023". Energy Intelligence. 2022-11-01. Retrieved 2022-11-18.
- ↑ 4.0 4.1 4.2 4.3 LNG Prime Staff (2023-08-11). "Golar's FSRU conversion deal with Italy's Snam falls through". LNG Prime. Retrieved 2023-09-16.
- ↑ 5.0 5.1 "Snam and Golar LNG sign agreement for an FSRU to supply Sardinia with energy". www.snam.it. Retrieved 2022-06-29.
- ↑ Hine (l_hine), Lucy (2021-02-16). "SNAM invites interest on FSRU for Sardinian project | TradeWinds". TradeWinds | Latest shipping and maritime news. Retrieved 2022-06-29.
- ↑ 7.0 7.1 Staff, LNG Prime (2022-05-18). "Golar inks deal with Snam to supply converted FSRU for Sardinian project". LNG Prime. Retrieved 2022-06-29.
