Modelled Direction
No
exit
DESCRIPTION OF THE PROJECT
New large LNG Terminal of Gioia Tauro, in southern Italy.
EXPECTED BENEFITS
Security of Supply, Market integration (Development of Italy as a gas hub and possibility to become an exporting country.), Reverse Flows, Diversification of sources, Diversification of routes, N-1 National (Italy), N-1 Regional, N-1 criteria
completion (regional level): a region is not yet formally defined; the LNG Medgas Terminal will however bring advantages at both national level and at regional level, considering the nature of a LNG project. It will contribute to the
satisfaction of the European and Italian gas needs. Furthermore, the LNG Terminal of Gioia Tauro, by guaranteeing the possibility of buying LNG worldwide, will mitigate the European geopolitical risk, in particular for Italy which is highly
dependent on Russian and Algerian imports. This aspect is in line with the specific criteria of the security of supply.
The position of Gioia Tauro is extremely strategic both for cargoes coming from the Suez Channel and from Atlantic basin. In the eventuality of disruptions in gas supplies from North African countries, the Gioia Tauro LNG Terminal would
play a crucial role in allowing the supply of natural gas from alternative sources, without affecting the distribution chain that, from the Calabria region, provides natural gas to the rest of Italy and potentially also to Northern Europe.
COMMENTS ABOUT THE PROJECT FINANCING
Public financing
Private financing
Multilateral financing
Medgas Terminal LNG
361.90
LNG Terminals Italia
Hub Italia
PROJECTED CAPACITY INCREASES
Interconnection
Capacity (GWh/d)
From Zone
To Zone
ENTSOG TYNDP 2013-2013 - Annex A
Southern Corridor GRIP 2014–2023 Annex B |
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