- CEO Venier’s: 'A key-contribution to the Country's energy diversification and security. Ravenna is the ideal destination'
   - Mooring manoeuvres at the former Petra platform were successfully completed. After the commissioning phase, the terminal will enter into service by April

Today, the regasification vessel BW Singapore successfully completed its mooring manoeuvre about 8 kilometres offshore Ravenna, fully in line with the planned schedule.

After reaching the port of Palermo last December, and performing the gassing and cooling operations in Cartagena (Spain), the FSRU (Floating Storage and Regasification Unit) has now reached the former Petra offshore platform. The platform’s existing infrastructure - formerly used to dock oil tankers - has recently been repurposed in order to accommodate the regasification vessel, in an environmentally-sustainable perspective.

‘With the ship docking in Ravenna perfectly on schedule, Italy can rely on a new strategic asset, which, combined with the Italis Lng moored in Piombino, is another fundamental step towards supply diversification and the Country's energy security,’ commented Stefano Venier, CEO of Snam. ‘Ravenna is an ideal port of call, not only because it hosts on its territory a high-skilled, leading energy district, but also because of its strategic position attracting gas flows from the eastern Mediterranean area and beyond.'

In the past few days, a tender call was published to identify the party that will deliver the first LNG cargo to the BW Singapore for commissioning activities, which consist of the FSRU regasification plant operational tests and set-up. The cargo, scheduled to be delivered in March, will also provide the minimum level of liquefied gas in the terminal's tanks, as required to ensure its full operation.

Built in 2015, the BW Singapore can store 170,000 cubic metres of liquefied gas and regasify it for a total capacity of 5 billion cubic metres per year. The ship was purchased by Snam in 2022 as one of the measures set in place following the Russia - Ukraine conflict. Increasing the Country's overall regasification capacity was considered strategically important to ensure national energy security: today, liquefied natural gas (LNG) accounts for about 25% of the Italy's total gas consumption. With the commissioning of BW Singapore, the domestic total regasification capacity will reach 28 billion cubic metres, equivalent to the volumes imported in Italy by pipeline from Russia in 2021, before the Russia – Ukraine conflict.

In addition to Ravenna, Snam holds significant stakes in all regulated LNG regasification terminals operating in Italy, including the Panigaglia terminal (La Spezia), operational since 1971, the Adriatic LNG terminal (Rovigo), in operation since 2009, the OLT FSRU Toscana terminal (Livorno), active since 2013, and the FSRU Italis LNG terminal (Piombino), operational since July 2023.

About Snam

Snam is Europe’s leading operator in natural gas transport, with a network of approximately 38,000 km in Italy and abroad. The company also deals with storage, of which it holds more than 17% of the European capacity, and regasification, with 13.5 billion cubic meters of gas per year that will rise to 18.5 billion cubic meters to 2025 thanks to the plant in Ravenna. Its medium-long term ambition is to develop and consolidate a system of energy infrastructure for a sustainable future, positioning itself as a multi-molecule operator at national and european level, focusing on innovation and enhancing the role of gas as a transition vector. Snam is among the leading Italian listed companies by market capitalisation.