Adriatic LNG courts Italy's gas appetite with open tender round
Adriatic LNG has launched an open season bidding round for spot purchases of gas from its 8.5bn m3/yr regasification terminal in northern Italy, the company said April 14.
The LNG plant off the coast of Rovigo province first held an open season for 2bn m3/yr of regasification capacity last year. The process allows buyers who do not have firm contracts with Adriatic LNG to buy a share of 147bn m3 in regasification time that will become available from 2022 to 2047.
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The process will take place in two phases. Adriatic LNG will receive non-binding offers in June 2022 before taking firm binding offers for LNG regasification capacity in July.
Adriatic LNG says the open season is a "tangible way" for Italy and Europe to increase and diversify LNG import sources. It believes open season purchases will make the domestic gas market more competitive and ensure greater security of the energy supply.