Home » Snam buys a floating regasifier from Golar LNG for $ 350 million

Snam buys a floating regasifier from Golar LNG for $ 350 million

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Snam buys a floating regasifier from Golar LNG for $ 350 million
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01/06/2022 08:37


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Snam and Golar LNG have signed a contract for the acquisition, by the Italian group, of 100% of the share capital of Golar LNG NB 13 Corporation, which owns the “Golar Tundra” storage and regasification vessel (FSRU) as its only asset , for a figure of 350 million dollars (approximately 330 million euros). The transaction was approved by Snam’s board of directors on 30 May.

The Golar Tundra can operate both as a LNG carrier and as a FSRU. The ship, built in 2015, has a storage capacity of approximately 170,000 cubic meters of liquefied natural gas and a continuous regasification capacity of 5 billion cubic meters per year. The FSRU, in order to ensure the maximization of the use of the regasification capacity, will be located in a location in central-northern Italy close to the points of greatest gas consumption. The FSRU is expected to start its activities in the spring of 2023, following the conclusion of the authorization and regulatory process and the construction of the works necessary for connection to the transport network.

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