Asset Report
Portovesme FSRU
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Report summary
Portovesme FSRU Golar Arctic was a proposed regas terminal in Portovesme, in Southwest Sardinia, Italy. The terminal is currently effectively shelved after the deal with Snam to convert the 2003-built steam LNG carrier Golar Arctic into an FSRU fell through when Snam failed to issue a Notice to Proceed. What began as a government-mandated strategic infrastructure project ultimately unravelled through a sequence of contractual, commercial, and policy developments that together rendered the project inactive.
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