Friday 25 March 2022

Italy considers floating LNG plants to cut Russian reliance

To cut its reliance on Russian gas, Italy is looking to install two floating liquefied natural gas (LNG) storage plants.

Natural gas is a key component of Italy’s energy mix, with 40% of its total gas imports reportedly coming from Russia.

Following the invasion of Ukraine, Italy is looking to diversify its portfolio, with these two projects set to have a combined capacity of more than 10 billion cubic metres.

Italian gas company Snam will build the two plants.