This is developing a strategic LNG coastal infrastructure project in Southern Italy, designed to serve the Italian national gas grid, maritime LNG bunkering, and heavy transport distribution.
The project aims to establish the first LNG deposit in Southern Italy, strategically positioned on the TEN-T Scandinavian–Mediterranean Corridor, supporting Europe’s energy diversification and LNG supply from African sources.
The infrastructure will include an offshore LNG platform and onshore storage facility with direct connection to the SNAM national gas transmission network.
Key Investment Highlights
- Location: Calabria, Italy
- Offshore Platform: 2,400 meters from shore
- Onshore Site: 67,176 m² industrial zone (ZES)
- First LNG coastal deposit in Southern Italy
- Located in Calabria within a ZES Special Economic Zone
- Terminal node of the TEN-T Scandinavian–Mediterranean Corridor
- Direct maritime access to Suez–Gibraltar LNG shipping routes
Strong Market Fundamentals
- LNG accounts for 32% of Italy’s gas supply (2025)
- Heavy transport LNG demand expected CAGR 25–33% to 2030
- No LNG infrastructure currently in Southern Italy, creating a structural supply gap
- EU AFIR regulation mandates LNG bunkering at TEN-T ports by 2027
Infrastructure
- LNG Storage Capacity: 20,000 m³
- Cryogenic Tanks: 18 units
- Regasification Capacity:
- Phase 1: 800 Mm³/year
- Phase 2: 1.6 Bm³/year
- Direct connection to SNAM national gas pipeline (400 m)
- LNG regasification
- Maritime bunkering
- LNG distribution for heavy transport
- Bio-LNG liquefaction (Phase 2)
Financial Overview
- Revenue: €160M – €210M annually
- EBITDA Margin: 40% – 50%
- Target IRR: 10% – 15%
- Payback Period: 8 – 12 years
Revenue Streams
- Gas supply to SNAM national grid
- Maritime LNG bunkering
- LNG distribution for heavy transport
- Bio-LNG production (Phase 2)
Government Support & Incentives
- Located within ZES Calabria Special Economic Zone
- Tax credits up to 50% on eligible investments
- LNG infrastructure declared “Strategic & Urgent” by Italian law (Dec 2023)
- Supports Italy’s Piano Mattei energy strategy for African LNG imports.
Strategic Positioning
The project is positioned to become a Mediterranean LNG hub, enabling:
- LNG supply for Southern European markets
- Maritime LNG bunkering on Mediterranean shipping routes
- LNG distribution across Central and Southern Italy
- Integration with renewable energy and hydrogen infrastructure
Development Timeline
| Phase |
Milestone |
Target |
| Permitting |
Environmental Impact Assessment under review |
2026 |
| Financial Close |
Project Finance |
2027 |
| Phase 1 Construction |
LNG deposit & regasification |
2027–2028 |
| Phase 2 Expansion |
Bio-LNG & capacity expansion |
2030 |
The financial figures and projections contained in this description are forward-looking statements based on current expectations, estimates, and assumptions. These figures are forecasts only and are not guarantees of future performance. Actual results may differ materially due to market risks, uncertainties, and other external factors beyond our control. Readers are cautioned not to place undue reliance on these projections.
