Project Overview

FSRU Ravenna is a Floating Storage and Regasification Unit located off the coast of Ravenna. Snam acquired the BW Singapore vessel in July 2022 & came into operation in May 2025. It is designed in a way that intensifies Italy’s natural gas supply & energy security amid the European gas crisis. 

It has a total storage capacity of 170,000 cubic meters & a regasification capacity of 5 billion cubic meters per annum. It is a 292-meter-long & 45-meter-wide vessel that, upon entering service, increased Italy’s regasification capacity to 28 billion cubic meters per year, equivalent to approximately 45% of its 2023 gas demand. 

The necessary infrastructure has been constructed in the area to connect the vessel to the existing gas transmission network. There are two parts to the connection: an offshore pipeline of 8.5 kilometers and a coastal pipeline of 34 kilometers that is entirely underground.

FSRU Ravenna Project Location

The FSRU Ravenna is located offshore in the Adriatic Sea, approximately 8 kilometers off the coast of Ravenna, Italy. It allows direct access to Italy’s national gas grid & supports the country’s energy security near the city of Ravenna in the Emilia-Romagna region.

Geographically, Ravenna is situated in a central position within the northern Adriatic, offering easy access to key European markets through Italy’s interconnected pipeline system. Furthermore, it reinforced the country’s role in Europe’s broader energy network.

Project Background

The FSRU Ravenna is an LNG export terminal in Italy's Emilia-Romagna region. It is a project designed to enhance Italy's energy security and diversification of natural gas supplies, particularly in the aftermath of the European energy crisis triggered by reduced Russian Gas imports following the 2022 invasion of Ukraine.

The idea for the import LNG Terminal in Ravenna originated in 2017, when several companies inquired about the idea, but could not come into action due to the economic crisis in the country. It gained traction in 2022 as a response to the European Gas crisis, levelling up Italy’s LNG import capacity and reducing dependency on Russian gas supplies. 

In July 2022, Snam (the owner of the FSRU Ravenna project) signed a USD 400 million deal with BW LNG (a subsidiary of Norway's BW Group) to acquire the FSRU vessel BW Singapore, which was initially under charter to Egypt's EGAS (Egyptian Natural Gas Holding Company) until November 2023.

FSRU Ravenna Operational

Initially, the operation of the FSRU Ravenna was expected by the fourth quarter of 2024, but it got delayed and ended up with operation in early 2025. LNG shipments from the carrier Flex Artemis began operating at the terminal in April 2025, marking the start of operational testing. The operation began in May 2025, with projections of handling 5 bcm per year of regasified LNG.

Ravenna FSRU BW Singapore

The FSRU Vessel, BW Singapore, was built back in 2015, with a storage capacity of 170,000 cubic meters of Liquefied Natural Gas (LNG). It is supplied by BW LNG, a subsidiary of BW Group. 

It is located at the repurposed Petra offshore platform, commercialising existing infrastructure to minimize environmental impact. The vessel is equipped with advanced technology, including a vaporizer system and active sub-cooling for improved LNG handling efficiency during ship-to-ship transfer.

Project Timeline

Project Cost & Financing Details

Design & Engineering Details

FSRU Ravenna Project Contractors

Conclusion

The FSRU Ravenna Project has proved to be a milestone in Italy’s energy security. With a total regasification capacity of 5 billion cubic meters of LNG per year, the project added the state-of-the-art floating terminals to address European energy challenges. 

Since its operation in May 2025, it has increased Italy’s regasification capacity to 28 billion cubic meters per year, standing out as a cornerstone of Italy’s energy transition and regional resilience. The increased capacity has reduced the country’s dependence on traditional supply routes and strengthened resilience against market fluctuations.

Overall, the project highlights a dynamic approach to secure reliable energy for both domestic consumption and the European market.

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