Italy: EIB Grants EUR 240 Million Loan for Livorno Regasification Plant

EIB Grants EUR 240 Million Loan for Livorno Regasification Plant

The European Investment Bank​ (EIB) has granted a EUR 240 million loan to IREN S.p.A. to complete the regasification plant in Livorno created by its subsidiary OLT Offshore Toscana. The project comes under sectors in which the EIB is traditionally active – energy and environmental protection.

In technical terms, the project consists of a floating terminal for the import, storage and regasification of liquefied natural gas, moored 22 km from the Tuscan coast and connected to the mainland by a submarine and overland pipeline approximately 30 km long to send gas to the national grid. The initial authorised capacity for gas imports will be 3.75bn standard cubic metres per annum (the standard cubic metre is the unit of measurement of volume used for gases in “standard” conditions, i.e. at a specific atmospheric pressure and at a temperature of 15° C).

OLT Offshore Toscana is the promoter of the terminal project situated on the central Italian coast and holds the permits to build and operate the plant. The company’s leading shareholders are the German energy group E.ON (46.8%) and the IREN Group (46.8%), an Italian multi-utility listed on the Milan stock exchange.

240 million Euros = 323.01600 million U.S. dollars

World Maritime News Staff, December 2, 2011; Image: OLT Offshore

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jun 2017 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 1 2

DSM17

Donsö Shipping Meet 2017 is an all inclusive exhibition. Meals, electricity, meeting schedule and banquette dinner is included…

read more >

TOC Europe

TOC (The Terminal Operations Conference) has long been considered best in class by container terminal operators and their suppliers…

read more >

Marine Philippines 2017

The 4th edition of PHILIPPINES MARINE 2017, SHIPBUILD PHILIPPINES 2017 and OFFSHORE PHILIPPINES 2017 is the only specialized Shipbuilding…

read more >

Bunkering Week 2017

IBC’s biennial Bunkering Week is back with its successful series of 3 co-located events: 8th Bunkering in Asia, 4th LNG Bunkering and EMTECH: Ship Emissions Technology Conference.

With a proven track record of bringing together top decision makers from various industry sectors, this remains the go to event for ship owners, fuel suppliers, traders and technology solution providers. Get in-depth and detailed market insights from experts who are taking the decisions, assess peer strategies and give shape to your own in this unrivalled gathering of shipping and marine fuel industry leaders.

Key Highlights for 2017:

* 3 Co-located Conferences

* 12+ Hours of Networking Time

* In-depth Review of Shipping Markets by Segment

* Ship Owner Positions on Emissions Compliance Scenarios

* Pricing Differentials and Availability across Different Fuels

* Technology and Analytics in Fuel Management and Emissions MRV

More info

read more >