Summary sheet
The project consists of the acquisition of an existing LNG carrier and its conversion into a Floating Storage and Re-gasification Unit (FSRU) with a storage capacity of 137,000 m3 and an annual throughput capacity of 3.75 Gm3/year.
The project will increase EU and Italy gas import capacity and contribute to meeting the gap resulting from growing demand and declining indigenous gas production in Italy. It will also enhance the security of supply by allowing imports diversification from a growing number of LNG producing countries and enhance competition in the Italian gas market.
The promoter has carried out an EIA in line with the requirements of EU directive (85/337/EC) and obtained the relevant environmental permit. The EIA and public consultation process will be reviewed during appraisal.
The promoter utilises procurement procedures, which are usual in the industry and are satisfactory to EIB. EU procurement Directives are not applicable.