A new floating terminal for liquefied natural gas (LNG) at the Tuscan Port of Piombino in Italy will start its commercial operations at the end of this month, according to the CEO of Italy’s gas grid operator Snam.
The terminal will make available around two billion cubic metres (bcm) of gas this year and around 5 bcm next year said Snam’s Stefano Venier at a press conference to mark the arrival of the first LNG tanker in Piombino, reported Reuters.
The new terminal will boost Italy’s energy security and encourage the growth of its gas sector, in addition to enhancing the country’s capacity for receiving, regasifying and distributing LNG as an alternative to Russian gas.
Late last year Claudio Descalzi, Chief Executive of Italian energy giant Eni sai that Italy would need another four LNG import facilities if it wants to have energy security and enough supply of natural gas.
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