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Home News

OLT will increase regasification capability | LNG Trade

by manusohal
June 1, 2023
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OLT will increase regasification capability | LNG Trade
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OLT Offshore LNG Toscana has acquired authorisation to extend its annual regasification capability from the present 3.75 billion m3/y to roughly 5 billion m3/y.

Because of the decree issued on 26 Might 2023 by the Ministry of Setting and Power Safety (MASE), in settlement with the Ministry of Infrastructure and Transport (MIT) and with the Tuscany Area, OLT will even have the ability to obtain as much as 122 small LNG carriers per 12 months to hold out the small scale LNG service.

The rise in regasification capability on the FSRU Toscana Terminal is a part of the broader nationwide technique associated to the European power emergency in 2022 and according to what’s enshrined within the REPowerEU.

The capability improve doesn’t contain plant modifications, however a higher utilisation of the prevailing plant with elevated portions of LNG discharged and regasified.

The extra regasification capability will likely be accessible ranging from the following gasoline 12 months and will likely be allotted in keeping with the phrases of OLT’s Regasification Code.

As specified, the ministerial decree additionally authorises the rise of as much as 122 small scale LNG carriers per 12 months for small scale LNG service.

The brand new service, for which the plant improve has been accomplished, supplies that small LNG carriers can load LNG instantly on the FSRU Toscana Terminal, to refuel LNG ships or to ship it to coastal deposits inside Mediterranean ports. The business provide of the service is anticipated quickly.

“Virtually 10 years after the beginning of operations on the Terminal, we are able to proudly start a brand new chapter in our historical past. Because of the rise within the authorised regasification capability and within the variety of berths of the small scale LNG, as a part of the brand new small scale LNG service, FSRU Toscana will have the ability to additional improve its contribution to diversification and safety of provide. We function a secure and high-performance infrastructure that over time has supported the Italian power system with out ever derogating from essentially the most stringent targets of security and environmental and social sustainability,” mentioned Giovanni Giorgi, CEO of OLT Offshore LNG Toscana.

Learn the article on-line at: https://www.lngindustry.com/regasification/01062023/olt-increases-regasification-capacity/



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