Edison has signed an agreement with Shell International Trading Middle East Limited FZE for the sale and purchase of liquefied natural gas (LNG). Under the terms of the contract, Edison will receive around 0.7 million tonnes per annum (mtpa) of LNG from the United States, starting in 2028 and continuing for up to 15 years.
Edison will purchase the gas on a FOB (Free on Board) basis, using its own fleet of LNG carriers, taking care of the collection of the LNG at source, its transport and unloading at destination.
‘The opening of this second channel from the United States is another piece in our industrial strategy, aimed at increasing the country’s security of supply and strengthening the long-term competitiveness and flexibility of our long-term portfolio,’ says Fabio Dubini, executive vice president of Gas&Power Portfolio Management&Optimisation at Edison. ‘Our goal is to continue diversifying, as we have always done, by opening up new routes. This has enabled us to contribute to national energy security, providing rapid responses in recent times of crisis, thanks to the solid relationships we have built with sellers over the years. Our goal is to maintain a share of at least 20% of the Italian market by 2030, continuing to build a portfolio capable of promptly adapting supply to the demands of international markets and customers, while reducing the associated geopolitical risks,’
This long-term partnership underscores Edison’s commitment to expanding and enhancing the flexibility of its LNG and gas portfolio, while consolidating the United States as a strategic supply source. By strengthening and diversifying import routes, Edison continues to play a central role in contributing to the resilience and sustainability of the Italian energy system.
A strategic vision that Edison has supported for a long time and that has led it to build the first offshore regasification plant in the world, the one off the coast of Rovigo, where since 2009 it has imported 6.4 billion m3 of gas per year from Qatar.
