- Edison expands its long-term portfolio: agreement with Shell for the purchase of LNG from the United States

Edison announces that it has signed an agreement with Shell International Trading Middle East Limited FZE (Shell) for the sale and purchase of liquefied natural gas (LNG). Under the terms of the contract, Edison will receive around 0.7 MTPA of LNG from the United States, starting in 2028 and continuing for up to 15 years.

Edison will purchase the gas on a FOB (Free on Board) basis, using its own fleet of LNG carriers, taking care of the collection of the LNG at source, its transport and unloading at destination.

«The opening of this second channel from the United States is another piece in our industrial strategy, aimed at increasing the country's security of supply and strengthening the long-term competitiveness and flexibility of our long-term portfolio», said Fabio Dubini, Executive Vice President of Gas&Power Portfolio Management&Optimisation at Edison. «Our goal is to continue diversifying, as we have always done, by opening up new routes. This has enabled us to contribute to national energy security, providing rapid responses in recent times of crisis, thanks to the solid relationships we have built with sellers over the years. Our goal is to maintain a share of at least 20% of the Italian market by 2030, continuing to build a portfolio capable of promptly adapting supply to the demands of international markets and customers, while reducing the associated geopolitical risks».

Today, Edison imports approximately 14 billion cubic meters of natural gas per year into Italy, with import contracts from Qatar (6.4 billion cubic meters), Libya (4.4 billion cubic meters), Algeria (1 billion cubic meters), Azerbaijan (1 billion cubic meters) and the United States (1.4 billion cubic meters), meeting 23% of domestic demand.

In Edison's strategic vision, LNG is functional to increasing supply flexibility, adapting the industrial portfolio to the actual speed of implementation of the energy transition. In fact, gas will continue to play an essential role in the coming decades in accompanying the growth of renewable energy and the electrification of final consumption.

This long-term partnership underscores Edison’s commitment to expanding and enhancing the flexibility of its LNG and gas portfolio, while consolidating the United States as a strategic supply source. By strengthening and diversifying import routes, Edison continues to play a central role in contributing to the resilience and sustainability of the Italian energy system.

A strategic vision that Edison has supported for a long time and that has led it to build the first offshore regasification plant in the world, the one off the coast of Rovigo, where since 2009 it has imported 6.4 billion cubic meters of gas per year from Qatar.

About Edison

Edison is a leading energy company, with over 140 years of history and records that make it the oldest operator in the sector in Europe. The company, which began operations in Milan in December 1883, inaugurated the beginning of a new era through the process of electrification of the country, contributing tangibly to the social, cultural, economic and industrial progress of Italy. Today Edison employs over 6,000 people, operating in Italy and Europe in renewable and low-carbon production, in the supply and sale of natural gas, in sustainable mobility, and through Edison Energia and Edison Next in energy, environmental and value-added services for customers, companies, territories and Public Administration. The Group is committed to the front line in the challenge of the energy transition, in line with the UN Sustainable Development Goals and European decarbonisation policies. Edison has a highly flexible and efficient electricity generation fleet, consisting of 250 power plants including hydroelectric, wind, solar and thermoelectric combined cycle gas plants with high efficiency for a total capacity of approximately 8 GW; and satisfies the country's LNG and natural gas supply, thanks to a large and highly diversified portfolio of 14 billion cubic meters per year and three methane tankers. In 2021, Edison established the EOS Foundation, Edison Orizzonte Sociale, the corporate foundation with which the company consolidates its social commitment by contributing its people and skills to the objectives of the 2030 Agenda.

About Shell plc

Shell plc is incorporated in England and Wales, has its headquarters in London and is listed on the London, Amsterdam, and New York stock exchanges. Shell companies have operations in more than 70 countries and territories with businesses including oil and gas exploration and production; production and marketing of liquefied natural gas and gas to liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects.