Adriatic LNG closes peak shaving tender

Adriatic LNG, the operator of the regasification terminal located off the Italian Veneto coast closed the tender for a single peak shaving LNG cargo. 

Adriatic LNG did not disclose the name of the winner but said the selected market player will make available to Snam Rete Gas a quantity of 70,000 cubic meters of LNG.

The volumes will be loaded into the Adriatic LNG terminal’s tanks in 2-5 January 2020 slot, Adriatic LNG said in its statement.

In case of emergency, a reduction or interruption of one or more supply sources, or an exceptional peak of gas demand – this service will allow to regasify the LNG stored in the tanks of the terminal and deliver gas into the national grid.

Within the limits of the quantities of LNG delivered, the service will be available to Snam Rete Gas in the first quarter of 2020.

The remaining gas will then be returned to the market operator in April 2020.

Operating since autumn 2009, the Adriatic LNG regasification terminal assures to Italy about 10 percent of national gas consumptions.

Adriatic LNG has delivered more than 61 billion cubic meters of gas to the national pipeline network, corresponding to more than half of domestic consumption in 2018, coming by ship from eight countries, Qatar, Egypt, Trinidad and Tobago, Equatorial Guinea, Norway, Nigeria, United States and Angola.

Adriatic LNG is co-controlled by ExxonMobil Italiana Gas and Qatar Terminal Limited (a unit of Qatar Petroleum) and participated by SNAM.