Free Trial

Eni Calls for Higher Italian LNG Import Capacity

LNG

Italy needs significantly higher LNG import capacity according to Eni’s chief executive.

  • "We have moved from Russian gas coming from pipelines to gas coming on ships. We currently don't have enough LNG terminals... we would need four additional terminals," Eni Chief Executive Claudio Descalzi said.
  • The country currently has three terminals, which have a capacity of around 17 bcm of gas - currently near to saturation.
  • The Italian government has planned to set up two other floating storage and regasification units (FSRU) to increase the capacity to 27 bcm.
  • "Next year, I can expect Russian gas be around 6-7%... if it will be there," Descalzi said.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.