The first floating regasification terminal being deployed off the Italian coast will be up and running by May, Snam’s chief executive said on Thursday.

The new liquefied natural gas terminal at the Tuscan port town of Piombino has been under development by site operator Snam since the local authority granted the operating licence for the infrastructure last October.

During a call with investors on Thursday to present the Italian energy infrastructure company’s strategic plan for 2022-2026, Snam chief executive Stefano Venier said the project is due to come online “in three to four months”.