The transaction is expected to be finalised within 1H26 subject to customary regulatory approvals including obtaining the necessary authorisations under applicable Italian antitrust and golden power regulations. Upon the closing of the transaction, Snam will hold a total stake of 97.3%, resulting in the consolidation of OLT in Snam’s financial statements.
Operating since 2013, OLT contributes to the security of the Italian energy system through the FSRU located about 22 km offshore Livorno with a total yearly capacity of around 5 billion cubic m3, increased in 2024 from the previous 3.75 billion m3, and corresponding to approximately 8% of Italy’s overall gas demand.
LNG provides a key-contribution to the diversification of energy supplies to Italy. As of the end of November 2025, LNG imports in Italy reached 18.7 billion m3, meeting approximately one-third of overall domestic gas demand, with 205 vessels from more than 10 different countries reaching the five regasification terminals in the country,” commented Snam’s CEO, Agostino Scornajenchi. “This transaction is therefore crucial in strengthening Snam’s leadership in the LNG business, which today plays a strategic role in guaranteeing Italy’s energy security. In a volatile and uncertain global context this allows Snam to significantly diversify natural gas supply routes and sources, ensuring flexibility and continuity of supply towards domestic and international markets, leveraging Italy’s strategic geographic position at the crossroads of the main gas flows to Europe.”
Gregor Kurth, Partner at Igneo, added: “Since our initial investment in 2019, we have worked closely with the OLT management team to strengthen operations, expand the services offered, and advance the company’s growth. This has allowed OLT to assume today’s critical role in Italy’s energy security and sustainable energy integration path while delivering meaningful long-term value. We thank Snam for the trusted and aligned partnership over the past seven years. We are pleased to deliver a fantastic outcome for our investors, and pass our interest to someone who has always shared our commitment to OLT’s long-term success, which we are certain will continue to flourish going forward.”