Snam and VTTI BV: EU green light for control of Adriatic LNG terminal

Brussels – Snam and VTTI BV of the Netherlands get joint control of Terminale Gnl Adriatico (ALNG). The European Commission authorized the joint venture intended to feed the gas import infrastructure market and, more specifically, the management of liquefied natural gas (LNG) regasification terminals in Italy. There are no competition or market distortion concerns since the EU executive considers the impact “limited.”

Specifically, the twelve-star Antitrust Authority finds that sector regulation and other factors limit Snam’s ability to influence prices or other competition parameters in Italy’s gas import infrastructure. Therefore, it appears “unlikely” that Snam could operate a price increase in regasification terminals in Italy.