Snam signs agreement to acquire Higas and convert Oristano LNG to FSRU

Published by Ellie Brosnan, Editorial Assistant
Tanks and Terminals, Monday, 13 October 2025 11:00

Snam has signed an agreement with the shareholders of Higas, the company that owns the LNG coastal storage facility in Oristano, Sardinia, Italy, to initiate a period of exclusive assessment and negotiation regarding the potential acquisition of 100% of the company’s share capital, as well as the expansion and conversion of the current coastal storage facility into a floating storage and regasification unit (FSRU).

Once finalised, the transaction would enable the injection of regasified natural gas from the future Oristano FSRU into the upcoming natural gas transmission network which will serve the industrial and thermoelectric districts in central-southern Sardinia, as well as end-users in the provinces of Cagliari, Oristano, Medio Campidano, and Sulcis Iglesiente.

The new FSRU would also support the supply of natural gas volumes necessary for the methanisation of Sardinia, while increasing storage capacity by approximately 10 times with respect to current levels.

Read the article online at: https://www.tanksterminals.com/storage-tanks/13102025/snam-signs-agreement-to-acquire-higas-and-convert-oristano-lng-to-fsru/

Hydrocarbon Engineering Podcast

Peter Davidson, CEO of the Tank Storage Association (TSA), joins us to discuss the essential role that the tank storage sector has to play in ensuring supply security and resilience, as well as in facilitating the energy transition.

Listen for free today »

Sherwin Williams launches range of chemical-resistant coating systems

Wednesday 12 August 2026 11:00

As regulatory expectations around secondary containment in chemical storage continue to evolve, Sherwin Williams Protective and Marine Coatings has launched a new range of systems designed to provide comprehensive, compliant protection, tailored to a versatile set of applications.

You might also like