Adriatic LNG, operator of Italy’s biggest LNG regasification terminal, has launched the accreditation phase for the Open Season 2022 for operators interested in participating in the auction sessions for regasification capacity between October 2022-December 2047
The Open Season is offering up to 147 billion cubic metres per year (bcm/y) in regasification capcity and is an opportunity to increase national and European imports of LNG while diversifying gas supply sources.
Adriatic LNG director of public and government affairs Alfredo Balena said, “We want to continue in our commitment to offer Italy and Europe the possibility of importing greater quantities of LNG from more sources and from new suppliers, thus also increasing the competitiveness of the market. To strengthen the resilience of our energy system, it is necessary to use 100% of the regasification capacity of the terminals that are operational today.”
Adriatic LNG has received liquefied natural gas from a wide range of areas including Qatar, the United States, Egypt, Norway, Trinidad and Tobago and China.
The operator has also implemented measures introduced by the Regulatory Authority for Energy Networks and Environment by way of Resolution No. 240/2022/R/Gas on 31 May 2022, on ’Entry Costs’ with the purpose of limiting operator risks connected with the variation of transport tariffs beyond the current regulatory period.
Operators may apply until 5 July 2022 for accreditation to participate in the binding phase of the Open Season, which will start 11 July and end 29 July, during which two sessions will be organised.
Furthermore, as part of the Open Season 2022 framework, Adriatic LNG is conducting two market tests to verify the potential interest of operators in the possible development of:
The deadline for expressing interest in one or both these initiatives expires 31 July.
Adriatic LNG general counsel and market unit manager Sebastien Bumbolo said, “The European LNG market today is able to compete with the Asian one. This should attract LNG produced today and in the future from multiple countries around the world. LNG production is growing steadily, and some analysts predict that by 2025, the world’s liquefaction capacity will reach about 1 trillion cubic metres per year.”
“From our side, we are making available to all national and international operators a reliable and efficient infrastructure, from a leader in Italy in the LNG regasification sector and capable of accepting almost all classes of LNG carriers, with a capacity of between 65,000 and 217,000 m3 of LNG.”
For accreditation, operators should follow the information provided in the Notice of opening of the Annual Subscription Procedure and the Implementing Auction Rules, available on Adriatic LNG’s website.
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