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Italy commissioner gives OK for new LNG terminal in Piombino

(Reuters) - A state-appointed commissioner in Italy on Tuesday gave his formal go-ahead to the set up of a new liquefied natural gas (LNG) terminal in the port of Piombino, on the western coast of the country. Preparatory works by gas grid operator Snam (SRG.MI) for the infrastructure can start on Wednesday, Commissioner Eugenio Giani said during a press conference in Florence. The floating storage and regasification unit (FSRU), which is part of a broader plan designed by the former government of Mario Draghi to replace dwindling Russian gas supplies, needs to be operational by end-March. The gas grid operator said it would study the conditions attached to the authorisation to allow for

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