Italy

Flows Return to Freeport LNG After Train 1 Compressor Issue – The Offtake

A roundup of news and commentary from NGI’s LNG Insight Feed gas nominations to Freeport LNG started to tick up again Wednesday after being curtailed over the holiday weekend, according to Wood Mackenzie pipeline data. The Texas facility reported an outage at Train 1 on Feb. 16 caused by a compressor issue, according to a…

February 21, 2024
Italy Backs Another Loan to Secure More Natural Gas Supplies

Italy Backs Another Loan to Secure More Natural Gas Supplies

Global commodities trader Gunvor Group Ltd. has secured a 400 million euro loan ($437 million) backed by the Italian government to buy more natural gas and LNG for industrial consumers in the country. The five-year term loan guaranteed by Italy’s export credit agency, Sace SpA, is aimed at supporting Italian industry with energy supplies to…

December 19, 2023
Italy’s Snam Purchases Second FSRU Ahead of 2025 Start-up

Italy’s Snam Purchases Second FSRU Ahead of 2025 Start-up

As major import capacity gains in Europe continue to change the regional market, Italy’s Snam SpA has completed the purchase of the floating storage and regasification unit (FSRU) BW Singapore ahead of its start-up on the eastern Italian coast in 2025. Snam disclosed it paid BW LNG $400 million for the 5 billion cubic meters/year…

December 5, 2023
QatarEnergy, Eni Ink 27-Year LNG Deal for European LNG

QatarEnergy, Eni Ink 27-Year LNG Deal for European LNG

QatarEnergy has inked another long-term deal to provide LNG for Europe as Eni SpA continues to replace Russian natural gas supplies. The Italian supermajor has agreed to buy up to 1 million tons (Mt) annually, or the equivalent of about 53 Bcf/year, of liquefied natural gas for 27 years from QatarEnergy’s North Field East (NFE)…

October 23, 2023
Eni’s African Natural Gas, Oil Strategy Continues with First Production From Baleine Field

Eni’s African Natural Gas, Oil Strategy Continues with First Production From Baleine Field

Eni SpA said this week it has produced the first natural gas and oil from the Baleine field offshore Côte d’Ivoire as the Italian supermajor progresses plans to tap African resources to recover declining natural gas sales volumes. Eni expects the first phase of Baleine production to reach a max of 15,000 b/d of oil…

September 6, 2023
Eni Moves to Replace Russian Natural Gas Imports as High Prices Sustain Profits

Eni Moves to Replace Russian Natural Gas Imports as High Prices Sustain Profits

Italy’s Eni SpA saw its natural gas sales drop by almost a quarter in the third quarter of 2022 compared to year-prior levels, but soaring commodity prices led it to another high profit period as it progresses efforts to replace Russian imports and optimize its LNG business. The firm’s natural gas sales plummeted during the…

November 8, 2022
Italy’s Eni Stems Falling Natural Gas Sales with LNG, Production Agreements

Italy’s Eni Stems Falling Natural Gas Sales with LNG, Production Agreements

Italy’s Eni SpA expects to beat previous guidance on new exploration volumes and continue its pace of securing new natural gas sources for European markets as it seeks to reverse the hit its LNG and European gas marketing businesses took in the second quarter. The Rome-based supermajor, majority-owned by the Italian government, has been focusing…

August 3, 2022
Asia-Europe Price Spread Narrows on Asian LNG Tenders

Asia-Europe Price Spread Narrows on Asian LNG Tenders

The spread between the European TTF and the East Asia Index (EAX) further narrowed in the past two weeks, as Asian demand rose, especially in south Asia and Japan. The market saw a flurry of Asian tenders for summer deliveries, narrowing the price spread.

June 10, 2022
Italy Turns to Algeria, FSRUs to Help Displace Russian Natural Gas

Italy Turns to Algeria, FSRUs to Help Displace Russian Natural Gas

Following a supply deal in April, Italy plans to reduce reliance on Russian fossil fuels by investing in Algeria’s natural gas and green hydrogen and by expanding its import infrastructure with two floating storage and regasification units (FSRUs). Italy is one of Europe’s largest natural gas consumers. It has three LNG import terminals with a…

June 9, 2022
Eni Reports Sharp Declines in First Quarter Natural Gas, LNG Sales due to Coronavirus

Eni Reports Sharp Declines in First Quarter Natural Gas, LNG Sales due to Coronavirus

Italian supermajor Eni SpA reported a steep drop in natural gas sales during the first quarter as the Covid-19 outbreak began destroying demand in Asia and Europe.

April 27, 2020
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