Saipem wins contracts worth 850 mln euros in Ivory Coast, Italy

Rosetti Marino

08/09/2023 08:29

MILAN, Sept 8 (Reuters) - Italian energy services group
Saipem  SPMI.MI  has won two contracts for offshore activities
in Ivory Coast and Italy worth a combined 850 million euros
($911.20 million), it said on Friday.
    The first contract falls under the development of the
Baleine oil and gas field in deep waters off the west African
country and envisions the construction of rigid lines, flexible
risers, jumpers and umbilicals connected to a dedicated floating
unit.
    Installation works for the project, which was awarded by
energy giant Eni  ENI.MI , will take place in 2024, Saipem said.
    Under the second contract awarded by Snam Rete Gas  SRG.MI ,
the group will build the docking and mooring facilities for a 
Floating Storage and Regasification Unit (FSRU) in the Adriatic
Sea near the city of Ravenna.
    The FSRU in Ravenna, which is yet to start operations, is
one of two floating liquefied natural gas (LNG) terminals set to
help Italy diversify its gas sources after and boost storage
capacity. 
    Italy's gas supplies came mainly from Russia prior to last
year's invasion of Ukraine, and LNG terminals have become part
of Rome's strategy to seek alternative energy sources.
    Deliveries by ship of LNG are reliable source of energy that
could cover 50% of the country's gas needs, Italy's Environment
Minister Gilberto Pichetto Fratin said in June.  
 ($1 = 0.9328 euros)

    <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Italy energy minister sees LNG terminals covering 50% of gas
needs - paper      urn:newsml:reuters.com:*:nL8N38K1EO
    ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
 (Reporting by Federico Maccioni, editing by Philippa Fletcher)
 ((Federico.maccioni@thomsonreuters.com; +39 3420768883;))