ENI: we need four more regasification terminals for energy security
Italy would need four more LNG import facilities if it is to have energy security and sufficient supplies of natural gas, Claudio Descalzi, chief executive of Italian energy giant Eni, said at a trade event in Milan on Monday.
“Algeria has more than doubled its gas exports to Italy, Libya has increased its gas supplies and Italy also receives gas from Egypt, Angola, Nigeria and the first shipment of gas from Mozambique, which has huge gas reserves,” Descalzi said at the Lombardia 2030 event in Milan.
“The problem is that these flows come in tankers and we don't have enough regasification capacity. We need more regasification infrastructure,” added Eni's top executive.
Spain, for example, which consumes 30 billion cubic meters, has a regasification capacity of 60 billion cubic meters, Descalzi said. Italy, on the other hand, has an import capacity of only 17 billion cubic metres, which should increase by 10 billion cubic meters with the Piombino and Ravenna terminals.
“We will need another 4 billion cubic meters to have full energy security,” Descalzi said.
Regasification terminals currently under construction in seven EU countries could add another 100 million cubic meters/day of new capacity by the end of 2023. Germany, Poland, France, Finland, Estonia, Italy and Greece are currently working to expand capacities of LNG imports, according to the US Energy Information Administration (EIA), based on data from the International Group of Liquefied Natural Gas Importers (GIIGNL).
Italy is currently developing a floating storage and regasification terminal (FSRU) near the port of Piombino, which will add 1.4 million cubic meters/day of capacity and will probably be operational in spring 2023.
However, the Italian government and the city of Piombino disagree on the construction of the import terminal. The government and the Tuscany region have approved and are pushing to advance the project, but the city of Piombino in Tuscany is challenging the plan in court.
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The article ENI: we need four more regasification terminals for energy security comes from Scenari Economici .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/eni-abbiamo-bisogno-di-altri-quattro-rigassificatori-per-la-sicurezza-energetica/ on Tue, 29 Nov 2022 09:00:16 +0000.