Understand the impact of the Ukraine conflict from a cross-sector perspective with the Global Data Executive Briefing: Ukraine Conflict


Italy is considering installing two floating storage and regasification units (FSRU) to boost LNG imports, reported Reuters.

The move forms part of the country’s efforts to reduce its reliance on Russian gas in the wake of Moscow’s military offensive against Ukraine.

Italy’s Ecological Transition Minister Roberto Cingolani said: “Today we officially mandated [gas group] Snam to negotiate the acquisition of an FSRU, and the leasing of a second.”

Sources told the news agency that the two FSRU vessels could be located in the Tyrrhenian Sea and, possibly, in the Adriatic Sea.

With a combined capacity of more than ten billion cubic metres (bcm), the two FSRUs will be situated in ports close to the pipeline infrastructure, according to one of the sources.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

Cingolani added: “The infrastructure[…] will be identified as strategic assets.”

Italy imports over 90% of its gas from Russia. It is now planning to diversify its energy supplies by increasing LNG imports from Qatar, the US, and Mozambique.

Earlier this month, Cingolani said the country could fully replace Russian imports in at least three years. It plans to replace 20bcm in the “near to medium term” through measures such as using more LNG.

According to one of the sources, talks are underway with FSRU providers, but nothing has been concluded.

Last week, Reuters quoted Italian Foreign Minister Luigi Di Maio as saying that Italy plans to buy additional gas from Angola and the Congo Republic, in a bid to reduce its dependence on Russia.