OLT Offshore LNG Toscana

What OLT Offshore LNG Toscana does

OLT Offshore LNG Toscana S.p.A. operates the FSRU Toscana, a permanently anchored Floating Storage Regasification Unit located approximately 22 km offshore between Livorno and Pisa, Italy. The terminal receives LNG from methane tankers (carrier sizes from 65,000 to 180,000 m³), stores it across four Moss-type spherical tanks with a combined gross capacity of 137,100 m³, and regasifies the LNG using seawater heat exchange before injecting the gaseous output into Italy's National Gas Pipeline Network via a 36.5 km submarine pipeline. With an authorized annual regasification capacity of 5 billion Sm³, the facility supplies roughly 8% of Italy's total gas demand and recorded 43 cargo deliveries and 4.09 billion Sm³ injected in 2025.

The company's commercial offering is structured as a modular portfolio built around regulated regasification services and includes Small Scale LNG (SSLNG) loading/unloading, Virtual Liquefaction, Flexibility Services (nomination/re-nomination), Extended Storage, BioLNG handling under ISCC EU certification, Maritime Services (mooring, berthing), and Peak Shaving for energy security. Revenue is generated under ARERA-regulated tariffs through multi-year Capacity Contracts, capacity allocation auctions, and per-cargo fees; the customer base is composed of LNG traders, shippers, gas distributors, and increasingly transport-sector operators decarbonizing via LNG and bioLNG. Snam S.p.A. is the controlling shareholder and is completing the acquisition of an additional 48.2% stake from Igneo Infrastructure Partners for EUR 126 million, which will lift Snam's ownership to 97.3% by mid-2026 and integrate the terminal more tightly with Snam's national gas network operations.

Name

OLT Offshore LNG Toscana

Legal name

OLT Offshore LNG Toscana S.p.A.

Website

https://oltoffshore.it

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

OLT Offshore LNG Toscana operates the FSRU Toscana, an offshore floating LNG regasification terminal serving Italy's national gas network with 5 bcm annual capacity (~8% of national demand), offering regasification, Small Scale LNG, bioLNG, and flexibility services to LNG traders, shippers, and transport operators under ARERA-regulated tariffs.

Ownership category

akta.pro rank

Product category

LNG Regasification Infrastructure

NAICS

Pipeline Transportation of Natural Gas (486210), Pipeline Transportation of Natural Gas (48621), Pipeline Transportation of Natural Gas (4862)

SIC

Wholesale-Petroleum Bulk Stations & Terminals (5171)

akta.pro primary industry

LNG Regasification Terminals (Onshore & FSRU) (EUALAFAB)

akta.pro secondary industries

LNG Storage Tanks & Terminal Operations (EUAAACAG), LNG Regasification & Import Terminals (EUAAACAF), Marine Terminals & Port Storage (Jetties, Docking, Bunkering Interfaces) (EUALAEAG)

Keywords

• LNG regasification services
• Floating storage regasification
• Energy infrastructure
• Small scale LNG
• BioLNG handling

Headquarters

HQ city

Milano

HQ country

Italy

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Others

Revenue model

1. Regasification Service: Core service of receiving LNG from carriers, storing it in tanks, and converting it back to gaseous form for injection into the National Gas Pipeline Network. Revenue is generated through regulated tariffs approved by ARERA.
2. Small Scale LNG Service: New service launched in March 2026 enabling loading and unloading of small-scale LNG vessels for maritime and land transport decarbonization. First commercial 4,000 cubic meter SSLNG cargo delivered in March 2026.
3. Virtual Liquefaction Service: Service allowing users to convert gaseous natural gas into virtual liquefied form for transport purposes.
4. Flexibility Services: Nomination and re-nomination of redelivery flexibility services, virtual liquefaction, and extended storage services.
5. Energy Security Services: Peak Shaving services, as required by the Ministry of Environment and Energy Security (MASE).
6. Maritime Services: Mooring, berthing, and support services for LNG carriers and small-scale LNG vessels.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

OLT Offshore LNG Toscana operates the FSRU Toscana floating storage and regasification unit, permanently anchored approximately 22 km offshore between Livorno and Pisa. The terminal receives LNG from carriers, stores it in four Moss-type spherical tanks with 137,100 m³ gross capacity, and regasifies the LNG for injection into Italy's national gas pipeline network through a 36.5 km submarine and onshore pipeline. The terminal has an authorized annual regasification capacity of 5 billion Sm³, supplying approximately 8% of Italy's total gas demand, and provides ancillary services including Small Scale LNG, Virtual Liquefaction, Flexibility, Extended Storage, BioLNG, and Maritime services.

Product overview

OLT Offshore LNG Toscana operates the FSRU Toscana terminal, a floating storage and regasification unit providing integrated LNG import infrastructure for Italy. The core offering centers on the FSRU Toscana terminal, which receives LNG via methane tankers, stores it in 4 spherical tanks (137,100 m³ total capacity), and regasifies it for injection into Italy's national pipeline network with authorized capacity of 5 billion Sm³ annually. The service portfolio is structured as a modular offering built around the regasification service, including Small Scale LNG for smaller vessel operations (launched March 2026), Virtual Liquefaction for gas-to-LNG conversion, Flexibility Services (nomination/re-nomination), Extended Storage, BioLNG handling (ISCC EU certified), Maritime Services, and Peak Shaving. Commercial tools include a Guarantee Calculator and Unit Converter. The terminal is controlled by Snam S.p.A. (97.3% ownership) and positioned as critical national energy infrastructure.

Differentiator

Problem solved

Functional benefit

Products and services

• Regasification Service Core service receiving LNG from methane tankers, storing it at -160°C in terminal tanks, and converting it back to gaseous state via heat exchange with seawater using propane as an intermediate fluid. Gas is delivered to Italy's National Gas Pipeline Network at the Virtual Exchange Point (PSV) or entry points. For LNG traders, shippers, and gas distribution companies.
• Small Scale LNG Service Small-scale LNG handling service enabling loading and unloading of SSLNG carriers via flexible hoses on the terminal's port side, supporting maritime and land transport decarbonization. Terminal holds ISCC EU certification enabling bioLNG handling.
• Virtual Liquefaction Service Service allowing users to convert gas from the national network into virtual LNG quantities, enabling flexibility in gas delivery and logistics management for commercial users.
• Flexibility Services (Nomination and Re-nomination) Services enabling users to modify delivery nominations and re-nominations, providing commercial flexibility in gas scheduling and delivery point management.
• Extended Storage Service Storage service allowing users to extend LNG storage periods beyond standard terms, providing additional scheduling flexibility for gas delivery planning.
• BioLNG Service Service for receiving and handling bioLNG (biomethane liquefied), supported by ISCC EU certification for sustainability and traceability of renewable energy chains, enabling significant CO2 emission reductions for maritime and land transport decarbonization.
• Maritime Services Berthing, mooring, and maritime operations support for LNG carriers and small-scale LNG vessels, including compatibility vetting procedures and pre-approved vessel lists.
• Peak Shaving Service Energy security service potentially requested by the Ministry of Environment and Energy Security (MASE) for grid stability support during high-demand periods.

Quantifiable outcome

• Supplies approximately 8% of Italy's total gas demand
• +3 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Four partnerships are on record, tiered core.

• AxpocoreStrategic or Co-development Partner · 10 March 2026Switzerland-based Axpo, through its subsidiary, provided the inaugural 4,000 cubic meter SSLNG cargo delivered by the Green Zeebrugge small LNG carrier, marking OLT's first commercial small-scale LNG operation in Italy.
• Snam S.p.A.coreStrategic or Co-development Partner · 11 December 2025Snam S.p.A. is the controlling parent company of OLT Offshore LNG Toscana, exercising direction and coordination activities. Snam is acquiring additional shares (48.2% stake for EUR 126 million from Igneo Infrastructure Partners) to reach 97.3% ownership by mid-2026. Snam also operates and manages the 36.5 km submarine and onshore pipeline connecting FSRU Toscana to the National Gas Pipeline Network.
• ECOS (Terminal Operator)coreStrategic or Co-development PartnerECOS is the operator of the FSRU Toscana terminal. The partnership achieved zero accidents for both OLT and ECOS personnel in 2024, demonstrating strong operational collaboration.
• Port Authorities of LivornocoreStrategic or Co-development PartnerMaritime operations are regulated under Ordinanza n. 185/2025 from the Port Authority of Livorno. Cooperation ensures safe mooring, berthing, and operational procedures for LNG carriers at the terminal.

Scale indicators12 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Excelerate Energy: US-listed FSRU operator providing floating regasification terminals and LNG supply solutions globally. Direct peer with overlapping FSRU technology, regasification service offering, and developer/operator role on multi-year capacity contracts with utilities.
• Golar LNG: Pure-play FSRU owner and operator with a global fleet of floating storage regasification units under long-term charters. Directly comparable as both companies operate FSRU-based LNG import infrastructure on a BOOT/lease model serving national gas markets.
• BW LNG: Part of the BW Group, BW LNG operates a fleet of LNG carriers and FSRU assets. Comparable as an FSRU provider offering floating regasification capacity to national gas markets on multi-year contracts.
• Höegh LNG Holdings: Owner and operator of FSRUs and LNG carriers with projects in Germany, Lithuania, and other import-dependent markets. Closely comparable FSRU-based regasification infrastructure model serving European gas security needs.

Broad incumbents

• ENI S.p.A. Integrated Italian energy major with significant LNG trading and upstream gas production, operating its own LNG portfolio globally. Comparable as a major Italian LNG market participant and potential capacity customer at Italian terminals including FSRU Toscana.
• Edison S.p.A. Major Italian energy company with LNG import operations and gas-fired generation. Comparable as a large Italian LNG/gas market participant that sources regasified LNG via the same National Gas Pipeline Network that OLT feeds into.
• Ital Gas Storage: Italian natural gas storage operator providing strategic gas storage services. Comparable as a regulated Italian gas infrastructure asset serving similar utilities and gas shippers via long-term capacity contracts under ARERA oversight.
• Snam S.p.A. Italian gas infrastructure operator and 97.3% parent of OLT, operating the National Gas Pipeline Network and storage assets. Broader incumbent in the same regulated gas midstream value chain with overlapping customer base and direct operational integration.

Emerging players

• New Fortress Energy: US-based LNG infrastructure developer focused on small-scale LNG and FLNG solutions, including regasification terminals. Comparable as an emerging player in modular LNG infrastructure with overlapping interest in small-scale LNG and bioLNG markets.

Regional players

• GasLog Partners / GasLog Ltd. LNG carrier operator providing worldwide LNG shipping services. Comparable in LNG value chain with exposure to the same global LNG cargo flows, although focused on marine transportation rather than terminal regasification services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/olt-offshore-lng-toscana

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about OLT Offshore LNG Toscana