Snam to acquire FSRU I from BW Group for $400m.

Snam, an Italian energy infrastructure company, agreed to acquire FSRU I, a floating storage and regasification unit, from BW Group, a maritime company, for $400m. "With this operation, we are providing Italy with its second new floating regasification unit thus making a decisive contribution to the country’s energy security and diversification. The swift completion of the acquisition provides with the authorization process and the starting of operations with precious time, which is essential to tackle with the current energy crisis," Stefano Venier, Snam CEO.