Italy’s OLT to halt FSRU ops for April-October maintenance

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Italy’s OLT Offshore LNG Toscana plans to shut its FSRU terminal, located about 22 km off the coast between Livorno and Pisa, from the beginning of April to the end of October this year for “extraordinary” maintenance.

OLT Offshore said in a statement that the FSRU Toscana will undergo maintenance at an unidentified shipyard.

Specifically, as a result of ongoing technical monitoring activities, the company decided to carry out an intervention aimed at replacing the bearing of the anchoring system of the terminal, a system designed and built to ensure the rotation of the terminal around the geostationary turret permanently anchored to the seabed, it said.

According to OLT Offshore, procedures are currently underway to schedule the suspension of operations and proceed with the bearing replacement work.

“OLT has set up an appropriate control and monitoring system for the anchoring system, whereby it states that, at present, conditions allow the full operation of the terminal without any safety and environmental impact,” the firm said.

The FSRU a maximum regasification capacity of 5 bcm a year and it sends natural gas to Italy’s national grid via a 36.5 kilometers long pipeline.

Italy’s Snam holds a 49.07 percent stake in the LNG terminal, while Igneo Infrastructure Partners owns a 48.24 percent share.

Golar LNG, that provided the 2003-built 137,100-cbm FSRU has a minor 2.69 percent stake in the LNG import facility.

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About Stu Turley 3361 Articles
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor.   He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino. Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.