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ByNaijaEnquirer
December 12, 2025

Italy’s Snam Tightens Grip on LNG Terminal as Imports of Liquefied Gas Surge

Italy’s gas operator Snam has acquired a 48.2% stake in the Livorno LNG terminal, boosting its control over key infrastructure as LNG imports rise nearly 40% amid efforts to secure energy supplies.

Italy’s Snam Tightens Grip on LNG Terminal as Imports of Liquefied Gas Rise

By Naija Enquirer Staff

Italian gas transport operator, Snam, has announced the acquisition of a 48.2 percent stake in the offshore liquefied natural gas (LNG) terminal located near Livorno, Tuscany, further solidifying its dominance over the country’s LNG infrastructure.

The deal, valued at €126 million, will see Snam increase its shareholding in the OLT terminal to 97.3 percent, pending regulatory approval expected in the first half of 2026.

LNG Imports Surge as Italy Seeks Energy Security

Snam revealed that LNG arrivals reached 18.7 billion cubic metres between January and November, enough to satisfy roughly one-third of Italy’s domestic gas demand. In the first nine months of the year, LNG imports surged nearly 40% compared to the same period in 2024.

Agostino Scornajenchi, Snam’s Chief Executive Officer, said the acquisition strengthens the company’s strategic role in securing Italy’s energy supply at a time when diversification has become essential.

“This transaction is crucial in strengthening Snam’s leadership in the LNG business, which today plays a strategic role in guaranteeing Italy’s energy security,” he said.

One of Italy’s Five Key LNG Hubs

The OLT terminal, located offshore Livorno, has an annual regasification capacity of approximately 5 billion cubic metres. It is one of five LNG terminals currently operating in Italy.

Snam already holds controlling or co-controlling stakes in all regulated LNG terminals in the country and has previously announced plans to develop a new LNG hub on the island of Sardinia.

Transaction Details

  • Stake acquired: 48.2%
  • Seller: Infrastructure fund Igneo
  • Purchase price: €126 million (approx. $147 million)
  • Snam’s new total stake: 97.3%
  • Expected completion: First half of 2026

The acquisition marks one of Snam’s most significant moves in the LNG sector as Europe continues to pivot away from Russian pipeline gas and toward diversified energy sources.

Reporting by Francesca Landini; Editing by Mark Potter – Reuters

ByNaijaEnquirer
Updated

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