LNG terminal in N. Italy

Qatar’s Ras Laffan Liquefied Natural Gas Co (Rasgas) has signed an agreement with Edison Gas to build an offshore terminal in N. Italy and increase LNG supply to the company. The Adriatic LNG Terminal project will be 45% owned by Qatar Petroleum (QP) and ExxonMobil each and 10 per cent by Edison Gas, said a Rasgas statement. The statement added Rasgas and Edison have also amended a sale-and-purchase agreement (SPA) to increase LNG supplies by 1.2 million tonnes a year to 4.7 million tonnes a year. This will be done over a 25-year period starting 2007. In 2001, Rasgas signed an SPA with Edison to supply 3.5 million tonnes a year of LNG from 2005. The redesigned terminal would use the latest technology to build a gravity-based regasification facility.

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