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Italian LNG Project Potentially Given Go-Ahead This Week

LNG

An Italian 5 bcm LNG project has been given the preliminary go-ahead based in the port of Piombino in the central region of Tuscany, according to Reuters reports and the decision could come as soon as Friday.

  • "Our schedule is so tight that each single additional day to approve the project means one day less of gas in our grid," Elio Ruggeri, the head of Snam's LNG business said.
  • The CEO of energy group Eni Claudio Descalzi has warned that, without a new LNG terminal, Italy could face a gas shortfall of 5-6 bcm, nearly 8% of its annual consumption, in the winter of 2023-24.

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