Italian Snam SpA has purchased floating storage and regasification unit from Golar LNG Ltd., as Italy makes moves to upgrade its regasification capacity and cut dependence on Russia, Report informs referring to Bloomberg.
The state-controlled gas network operator bought the FSRU vessel, which will be Italy’s first, from Bermuda-based Golar for 330 million euros ($350 million), the companies said in a joint statement.
Under the accord, Snam will buy the full capital of Golar LNG NB 13 Corporation, whose sole asset is an FSRU dubbed Golar Tundra.
The vessel, built in 2015, has storage capacity of around 170,000 cubic meters of liquefied natural gas, or LNG. It will be able to regasify – or convert gas back to a gaseous state by heating the LNG – about 5 billion cubic meters per year by spring of 2023, the companies said.
