European natural gas infrastructure operator Snam is acquiring Igneo Infrastructure Partners out of an offshore floating storage regasification unit (FSRU).
Snam said it has agreed to pay approximately €126m to acquire Igneo’s 48.2% stake in Offshore LNG Toscana (OLT), which operates the FSRU Toscana offshore Livorno. The total consideration covers both the equity interest and the remaining shareholder loan provided by Igneo.
Once the deal is finalised, Snam will hold a 97.3% stake in OLT.
Agostino Scornajenchi, Snam’s CEO, said: “Liquefied natural gas (LNG) provides a key-contribution to the diversification of energy supplies to Italy. As of the end of November 2025, LNG imports in Italy reached 18.7bcm, meeting approximately one third of overall domestic gas demand, with 205 vessels from more than 10 different countries reaching the five regasification terminals in the country.
“This transaction is therefore crucial in strengthening Snam’s leadership in the LNG business, which today plays a strategic role in guaranteeing Italy’s energy security.”
Gregor Kurth, partner at Igneo Infrastructure Partners, said: “Since our initial investment in 2019, we have worked closely with the OLT management team to strengthen operations, expand the services offered, and advance the company’s growth.
“This has allowed OLT to assume today’s critical role in Italy’s energy security and sustainable energy integration path while delivering meaningful long-term value. We thank Snam for the trusted and aligned partnership over the past seven years.”
To read the latest IPE Real Assets magazine click here.
