The first cargo has arrived at Italys second LNG terminal in the Adriatic Sea. The terminal, which has an annual capacity of 8 billion m3, received 102,000m3 from Qatar which will be used to cool the terminal ahead of the first commercial cargoes, which are scheduled to arrive in Q4.
The Adriatic LNG is a joint venture between US oil major Exxon Mobil's Italian unit, Qatar Terminal Limited, a unit of Qatar Petroleum, each with a 45% stake, and Italy's utility Edison with 10%. It is Italys second LNG terminal after La Spezia in Liguria, which has a capacity of 4 billion m3 and is owned by Italys oil and gas major Eni.
The terminal will meet about 10% of Italys natural gas needs. The country proposes to build several more LNG terminals in the coming years to cut reliance on pipeline imports.
Edison has signed a 25-year contract to use 80% of the terminals capacity. The remaining capacity will be made available third-party operators.