OLT Offshore’s FSRU Toscana capacity fully booked

OLT Offshore LNG Toscana, the operator of the floating import terminal off the coast between Livorno and Pisa, said the facility is set to operate at 100 percent capacity. 

The operator said 41 out of 41 available slots available for the gas year 2019/2020 have been allocated for a total of about 6.3 million of cubic meters of capacity.

Moreover, OLT Offshore said that the data confirms the effectiveness of the new allocation capacity mechanism via auctions introduced in 2018, which makes the regasification sector more flexible and in line with the market demand, both for the spot market and the long and middle term ones, as demonstrated by the results reached in this year.

The cargoes received by OLT come from all over the world, in particular from the USA, which accounts for 36 percent of the cargoes received.

Since the start of the commercial operations, FSRU Toscana received LNG from 10 different countries, namely Algeria, Egypt, Nigeria, Norway, Peru, Qatar, Trinidad & Tobago, USA and cargoes coming from other European terminals, such as Spain and the Netherlands.

The operator added that the facility is set to enter the small-scale market with FSRU modifications to be completed by 2020.

Small Scale commercial activities should begin in 2021 providing 41 slots for small LNG carriers which will deliver LNG into storages under construction in the ports.