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

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