The FSRU with LNG storage capacity of about 170,000 cu.m, will be moored to a submerged buoy and pipeline system receiving LNG from conventional LNG carriers and supplying natural gas to the Italian energy market through a subsea pipeline. The base load regasification capacity will be 5 billion cu.m. per year, which can be increased to 10 billion cu.m. per year with a second FSRU vessel. The FSRU vessel will be leased from GDF Suez to the Joint Venture and operated by Höegh LNG on behalf of the Joint Venture.

The technologies applied in the FSRU vessel and in the ship-to-ship LNG transfer will be selected in order to represent the safest and most cost efficient solution with a minimal effect on the environment. Such concept is particularly well adapted to meeting the growing gas needs and the stringent environmental requirements of Italy. It will put Italy in the forefront of new technological developments in LNG regasification.

The studies related to the permitting and development of the Triton offshore LNG terminal are already well advanced. Final Investment decision is expected during 2011 with first LNG deliveries in 2014.