Adriatic LNG launches open season 2023

With the open season 2023, Adriatic LNG offers the market regasification capacity available in the period between January 2029 – December 2048 and a new possible incremental capacity subject to conditions from 1Q26 and up to 20 years.

Operators can apply by 14 July 2023, to accredit themselves to participate in the binding phase of the 2023 open season, which will begin on 19 July 2023 and end on 2 August 2023. To accredit, operators will need to follow the directions provided in the notice of initiation of the annual subscription procedure and the auction application rules, which have been made available on Adriatic LNG's website.

The incremental capacity is subject to technical and financial/economic conditions and subject to obtaining authorisation permits. In order to proceed with the possible realisation of the incremental capacity, this decision will be made by the end of August 2023 or, at the latest, within two months from the date of signing the relevant capacity agreements in relation to the incremental capacity.

Detailed action information on the available LNG regasification capacity offered and the incremental capacity subject to conditions is contained in the 2023 offered capacity catalogue.

The open season 2023 provides an opportunity to increase LNG imports and, at the same time, diversify sources of supply, thereby fostering greater resilience of the energy system. To date, the Adriatic LNG terminal has received LNG from several geographic areas, including Qatar, the US, Egypt, Norway, Angola, Trinidad and Tobago, and Mozambique, confirming it as a reliable and strategic infrastructure for Italy and Europe.

Read the article online at: https://www.lngindustry.com/regasification/06072023/adriatic-lng-launches-open-season-2023/