ExxonMobil and Qatar Petroleum each hold 45 percent stakes in the proposed North Adriatic LNG project, an effort led by Italys Edison to build an LNG receiving terminal on Italys northern Adriatic coast. The project consists of a 770-Mmcf/d, offshore regasification facility near Rovigo, using LNG supplied by the RasGas II gas liquefaction project in Qatar. In May 2005, the consortium awarded a contract for construction of the main LNG recieiving terminal to Norways Aker Kvaerner. Edison has stated that it expects initial production from the project by 2007.
The Italian city of Livorno, on Italys central west coast, has been considered as a site for two LNG proposals. In May 2004, the Offshore LNG Terminal (OLT) consortium received environmental approval for its proposed LNG receiving terminal near Livorno; OLT, composed of Golar LNG and Italys CrossGas, plans to permanently moor a standard LNG tanker offshore, convert it into a floating storage and regasification unit, then connect it to the coast via a sub-sea Pipeline. Once completed, the Livorno offshore facility will have an initial capacity of 390-Mmcf/d. In March 2006, Endesa purchased a 25 percent stake in the project. Construction is slated to begin in mid 2006, with completion by 2008.