By OGJ editors
HOUSTON, May 3 --The Italian government and the European Commission approved construction and operation of an LNG terminal proposed by Edison LNG 15 km off northern Italy in 30 m of water in the North Adriatic Sea.
Qatar Petroleum and ExxonMobil Corp. each now hold 45% of Edison LNG. Former sole-owner Edison Gas SPA of Italy has 10% ownership and will have access to 80% of the terminal capacity.
As a result of the ownership changes, Edison LNG will change its name to Terminale GNL Adriatico. The terminal, scheduled for start-up by yearend 2007, will have a regasification capacity of 8 billion cu m/year (OGJ, Sept. 6, 1999, p. 21).
Aker Kvaerner holds a contract for development of the gravity-based structure (GBS), LNG storage tanks, and LNG off-loading and regasification facilities. Snamprogetti has the contract for a pipeline associated with the project.
The LNG will come from Qatar's North field.
