BAKU, Azerbaijan, November 19. Snam has finalized the installation of the mooring deck for the BW Singapore floating LNG terminal off Ravenna, marking a major milestone in boosting Italy’s energy security, Trend reports.
According to the producer, the terminal will arrive by late 2024 and start operations in early 2025, adding 5 bcm of annual regasification capacity - 40 percent of Italy’s gas demand - aligning with diversification goals set during the Russian-Ukrainian crisis.
The deck, weighing 2,800 tonnes, manages gas flow to the national grid. Environmental monitoring is ongoing, involving 20 organizations and 200 offshore monitoring stations.
‘We have reached yet another important milestone, in this complex operation that will help us meet the deadlines set for this infrastructure, and a key element to consolidate national and European energy security targets, also considering the progressive evolution of gas flows’ - commented Snam CEO, Stefano Venier. ‘LNG now covers a quarter of the national gas supply, and with the commissioning of BW Singapore, we will have volumes equal to what Italy was receiving from Russia in 2021, allowing for a further diversification of the system.’
The 1 billion euro project has generated economic benefits, with 30 percent of investments benefiting the Ravenna region and up to 1,200 people employed during peak construction.