Italy's Snam Tightens Grip on LNG Terminal as Liquefied Gas Imports Rise
Snam acquires 48.2% stake in Livorno terminal amid surging LNG demand.
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Italy's
IT state-controlled gas transport operator Snam announced Thursday it will acquire a 48.2% stake in the OLT liquefied natural gas terminal offshore Livorno for €126 million ($147 million), consolidating its dominance over the nation's critical energy infrastructure. The transaction will increase Snam's total shareholding in the facility to 97.3%, cementing near-total control of the Tuscan terminal.
IT state-controlled gas transport operator Snam announced Thursday it will acquire a 48.2% stake in the OLT liquefied natural gas terminal offshore Livorno for €126 million ($147 million), consolidating its dominance over the nation's critical energy infrastructure. The transaction will increase Snam's total shareholding in the facility to 97.3%, cementing near-total control of the Tuscan terminal.
