Livorno Coast News

Drydocks World said that Floating Storage Re-gasification Unit (FSRU) Toscana sailed away from Drydocks World – Dubai. The unit, formerly the 138,830-cbm LNG carrier Golar Frost, has been under conversion since June 2009 at Drydocks world Dubai yard for contractor Saipem and owner OLT. The LNG Carrier, built by Hyundai Heavy Industries was converted into a floating LNG receiving terminal of the FSRU type, and will be permanently moored off Livorno, Italy and connected to shore through a gas export pipeline. There are only a few such units in operation around the world.

Golar LNG Limited is announced that its subsidiary, Golar Offshore Toscana Limited has signed a share purchase agreement with OLT Energy Toscana SpA for the acquisition of 20% of the shares in OLT Offshore LNG Toscana S.p.A. The new LNG terminal, which earlier this year was granted a government decree approving or permitting the project, will have a regulated capacity of 3.75 Bcm/year. The terminal will be located 20 km out to sea off the Livorno coast; away from populated areas creating substantial environmental and security benefits and significantly reducing visual impact. Included in the deal is an intention between the parties to sell the LNG carrier Golar Frost to OLT-O.