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Rising LNG imports boost Italy’s hub plans

Italy has changed the way capacity at the Livorno LNG terminal is allocated, a move that is attracting more cargoes and pushing down prices at the PSV hub Italy has changed the way capacity at the Livorno LNG terminal is allocated, a move that is attracting more cargoes and pushing down prices at the PSV hub.
By Silvia Favasuli 26 November 2018 0 33443
The FSRU used at the Livorno LNG terminal. (OLT Offshore)

Italy’s rising LNG consumption and improved pipeline interconnectivity are boosting its efforts to become a gas transport hub.   

LNG deliveries at the OLT terminal in Livorno have risen since Italy’s energy authority, the Autorità di Regolazione per Energia Reti e Ambiente (ARERA), introduced auctions for allocating capacity at the facility. Three tankers have made landfall in November alone.

The ARERA ruled in September 2017 that regasification capacity at the Livorno terminal was to be allocated through auctions at a market-determined...