Snam purchases 5 billion cubic metre floating LNG regasification terminal from Golar LNG for US$350 million

The new LNG import terminal will help safeguard Italy’s energy security and diversification

San Donato Milanese (Milan), Bermuda, June 1^st 2022 – Snam and Golar LNG Limited (“Golar”) have signed an agreement for the Snam Group to acquire 100% of the share capital of Golar LNG NB 13 Corporation, whose sole asset is a floating storage and regasification unit (FSRU), named “Golar Tundra”, for US$350 million (about €330 million). The transaction was approved by the Golar Board of Directors on May 30^th.