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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.
LNG
QatarEnergy is looking to sell its stake in Italy’s Adriatic LNG import terminal according to Energy Intelligence sources despite receiving record volumes.
- This follows on from the majority partner Exxon Mobil confirming in March intention to sell its 70.7% stake. Italian TSO Snam holds the remaining 7.3% in the terminal.
- A record 5.94m tons of LNG were imported at the terminal last year, according to Kpler data. Utilisation is expected to remain strong with Europe dependent on LNG since the reduction in Russian pipeline supplies.
- Adriatic LNG regasification capacity was increased to 9bcm last year and able to meet around 12% of Italy’s annual gas demand.
- Edison has booked 72% of the capacity until 2034, with a 25 year deal for 4.6mtpa with Qatargas. The remaining capacity is allocated until December 2028 according to Adriatic LNG.
Source: Energy Intelligence
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.
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