Peak Shaving service
In line with the EU Energy Policy on the security of supply, the Italian government has established a peak shaving service to overcome unfavourable events for the national gas system, and to guarantee its security. In case of an emergency, LNG terminals are requested to inject regasified gas into the national gas grid at short notice to help meet the peak requests of the gas system for a limited period of time. The quantity and price of LNG is determined by the Italian Ministry of Economic Development and the Italian Regulatory Authority for Energy, Networks and Environment (ARERA) through a tender, which takes place at the end of each year. OLT has offered peak shaving since it started operations, and has received a peak shaving cargo every year. Even with the LNG quantities stored onboard for peak shaving, the terminal is available for the other services it provides.