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.
Currency: EUR
Target Price / Revenue: 5.24x
Target Price / EBITDA: 12.94x
