BAKU, Azerbaijan, July 28. The total storage capacity managed by the Snam Group as of June 30th, 2022, including strategic storage, was 16.5 billion cubic meters, the largest in Europe in this period of supply difficulties across the continent, Trend reports with reference to the company.
As of July 25th, 2022, Snam, in its role as purchaser of last resort to support the filling of storage facilities, purchased and injected into storage some 2 billion cubic meters of gas, of which about 760 million cubic meters for operation of infrastructure, bringing the filling rate to approximately 71 percent of total capacity, in line with the gradual achievement of the target filling rate of at least 90 percent of domestic storage capacity established by the Minister for the Ecological Transition with Decree no. 253 of June 22nd, 2022. Under the applicable regulatory framework, the last resort service has no financial impact on Snam.
In the first half of 2022, the LNG terminal of Panigaglia (La Spezia) regasified 0.88 billion cubic meters of LNG (0.76 billion cubic meters in the first half of 2021, +15.8 percent) and 21 LNG carriers were unloaded, in line with the number allocated (18 carriers unloaded in the first half of 2021, compared with 20 allocated). Starting from April 2022, volumes regasified by GNL Italia began to increase, accompanied by a consequent increase in vessel unloading compared with the first quarter of 2022, a period impacted by price dynamics and, in particular, by an increase in liquefied Algerian gas flows to France and Spain compared with Italy.
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