OLT Offshore issues peak shaving LNG cargo tender

Italy’s OLT Offshore LNG Toscana issued a tender seeking delivery of a liquefied natural gas cargo for the peak shaving service during the winter period 2017/2018. 

According to tender documents, the company is seeking a cargo between 85,000 and 125,000 cubic meters to be delivered to the FSRU Toscana terminal located 22km off the Italian coast between Livorno and Pisa.

Part of the volume, amounting to 15,000 cubic meters will be purchased by OLT Offshore for terminal’s operational requirements.

OLT Offshore’s documents show the cargo will be delivered to the terminal between December 1 and December 31. The volumes delivered will be made available to Snam Rete Gas from January 1 to March 31, 2018.

Should the LNG quantity discharged be greater than the one provided by the peak shaving service, OLT Offshore LNG Toscana said that the extra quantity will be regasified in accordance with the rules set forth in the relevant slot capacity agreement.

Deadline for submitting the bids has been set to November 22, the documents show.

The FSRU Toscana has a maximum regasification capacity of 3,75 billion cubic meters a year and a gross storage capacity of 137.500 cubic meters of LNG.

Shareholders in the OLT Offshore LNG Toscana are Iren Group (49.07 percent), Uniper Global Commodities (48.24 percent) and Golar (2.69 percent).

LNG World News Staff