The European Investment Bank is lending €240 million ($324 million) to Iren Group to complete its partly-owned LNG terminal project in Livorno, Italy.
OLT Offshore LNG Toscana is developing the much-delayed floating storage and regasification unit-based facility off the Tuscan coast. Iren Group and E.ON are the leading shareholders with 46.8% each.
The FSRU is due to be in operation in the fourth quarter of 2012, some 15 months later than previously detailed.
