Uniper advancing OLT Offshore LNG stake sale talks

Uniper advancing OLT Offshore LNG stake sale talks
Image courtesy of OLT Offshore LNG Toscana

German utility company Uniper is reportedly advancing its talks with First State Investments, an Australian fund, over a sale of interest in the OLT Offshore LNG Toscana terminal off Italy. 

Uniper currently holds 48.24 percent stake in the facility with the Italian utility Iren Group holding a 49.07 percent and Golar (2.69 percent).

Citing three sources, Reuters reports the deal with the Australian fund is valued at around $909 million.

Liquefied natural gas terminals have been declared strategic assets by the Italian government, with the Italian foreign office junior minister Guglielmo Picchi saying in a tweet the government should step in with a review of the deal before the assets are “transferred by Germans to Australians.”

The FSRU Toscana is permanently anchored to the seabed through a mooring system, with a single point of rotation at the bow. It 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.

 

LNG World News Staff

Share this article

Follow LNG World News

Events>

<< Jan 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Mar 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills…

read more >

American LNG Forum 2020

The American LNG Forum is your gateway to learning about the US LNG export industry,

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Houston / Feb 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >