Livorno-based OLT Offshore LNG Toscana reported that over 100% of the regasification capacity of the FSRU Toscana terminal was secured for the current gas year, surpassing 2019
The strong results of the auctions for annual and multi-year allocations without expressions of interest for the terminal were achieved despite the current economic downturn caused by the Covid-19 pandemic, said OLT Offshore LNG Toscana.
“Despite the current economic-industrial scenario, strongly affected by the emergency we are experiencing worldwide, the positive trend we have recorded in recent years has consolidated,” said the company in a statement. The 25 slots allocated for the next gas year surpasses July 2019, when the allocations exceeded 100% of the capacity for the current gas year.
“We are confident for the future thanks to the numbers of our business and the commitment of all the members of our team. Furthermore, thanks to the introduction of multi-year auctions registering growing interest from users, we can also look positively at the coming gas years (Gas Year 2021/2022)”.
During the auctions held from 1 to 3 July, 26 slots were allocated, respectively 22 for the Gas Year 2020/2021 and 4 for the Gas Year 2021/2022.
Overall, with the latest auctions, 45 slots have been allocated for the current and near-term Gas Years as follows: 25 slots for the GY 2020/2021; 12 slots for the GY 2021/2022; and eight slots for the GY 2022/2023.
The next auction for the allocation of regasification capacity will be offered on 1 September 2020.
OLT Offshore LNG Toscana owns and manages the floating storage and regasification unit FSRU Toscana. The terminal, moored about 22 km off the coast between Livorno and Pisa, is connected to Italy’s national grid through a 36.5-km long pipeline, operated and managed by Snam Rete Gas. FSRU Toscana has a maximum authorised regasification capacity of 3.75 Bn m3 a year, about 5% of Italy’s national demand.
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