Adriatic LNG presents key themes at the annual meeting of Assocostieri
Published by Will Owen,
Adriatic LNG presented the following important themes during the workshop ‘Energy logistics focuses on green solutions’, an event organised by Assocostieri (Italian association of companies operating in the energy logistics) in Naples, during the annual meeting of the association:
- Gas as a source of sustainable energy and a key resource to facilitate the energy transition.
- The development of gas infrastructures in Italy.
- The need to make the market more competitive.
Focused on crucial issues for the development of energy logistics, and analysing regulatory obligations and sustainable strategic choices, the workshop provided an opportunity for dialogue among representatives of the reference institutions and associated companies.
Adriatic LNG’s commercial manager Corrado Papa, speaking in the session ‘The development of LNG infrastructures in Italy’, illustrated the situation in the regasification plants in Italy and Europe which are characterised by low usage – average rate of approximately 22% in 2017 (GLE) – and highlighted the need for a greater competitiveness to attract LNG. Adriatic LNG’s plant was noted as the only exception as its utilisation rate continues to be very high (82.5% in 2017).
“At the moment, in Europe, the infrastructures with the highest utilisation rates are essentially those with capacity exempted from the third-party access and based on long-term contracts" - commented Corrado Papa. "This is the case of Adriatic LNG, whose exempted capacity, equal to 80% of the total capacity, is allocated to an important energy player. Thanks to an integrated business model, based on long-term contracts and investments both in the terminal and in the upstream, the Adriatic LNG terminal presents excellent results, managing to import about 10% of the Italian needs and increasing the security of the system through diversification of supplies."
In order to promote greater competition among LNG infrastructures, it is essential that companies offer flexibility tools which favour an optimised use of regasification terminals. "In a constantly evolving market such as that of LNG, is essential that companies are able to renew themselves, adapting their offer to the needs of customers. Peak Shaving, flexibility, and temporary storage services that Adriatic LNG has implemented in recent years have shown to contribute effectively to the security and balancing of the gas market" added Corrado Papa.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/29052018/adriatic-lng-presents-key-themes-at-the-annual-meeting-of-assocostieri/
You might also like
OLT increases regasification capacity
OLT Offshore LNG Toscana has received authorisation to increase its annual regasification capacity from the current 3.75 billion m3/y to approximately 5 billion m3/y.