Adriatic LNG has reported strong results for 2019, a year in which it celebrated its 10th anniversary and achieved new activity records.
For the first time, the terminal located off the Veneto coast registered an annual utilisation rate of 95.6% (significantly higher than European average of approximately 50%), exceeding its performance in 2018 (81%) and its previous high recorded in 2010 (87%). Furthermore, new records were broken concerning the number of LNG carriers received per year (88 – 11 more than in 2018), as well as the volumes of natural gas sent into the national grid (7.6 billion m3 – an increase of 1.1 billion m3 compared to 2018), which enabled the terminal to approach its maximum regasification capacity (8 billion m3/yr).
The terminal’s figures reflect the recovery of Italian gas consumption in 2019: annual volumes amounted to 73.8 billion m3, an increase of 2.3% compared to previous year, driven by the thermoelectric sector. Within these volumes, over 70.6 billion m3 were imported from foreign countries, in order to balance the constant decline of domestic production (4.5 billion m3). As for imports, by assuring about 10% of Italian consumption, the Adriatic LNG regasification terminal highlighted its importance to the diversification of national natural gas supply.
Finally, Adriatic LNG was the only regasification terminal in Italy to offer Peak Shaving service in 4Q19, helping to provide the national gas system with higher security during the 2019 – 2020 winter.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/05022020/adriatic-lng-ends-2019-with-new-record-highs/