RON remains committed to building an LNG import terminal off the northwest coast of Italy, Reuters reported. Overcapacity in the area has threatened to mothball some gas projects. E.ON and Italian regional utility Iren plan to build a floating storage regasification unit 12 miles off the Tuscan coast by converting an LNG carrier. The OLT Offshore LNG Toscana plant will cost around US$782 million and have an annual capacity of 3.75 billion cubic meters. Some observers have expressed concerns given rising costs, uncertainty over gas supply and falling Italian consumption, which fell 3 percent in 2012. "There's always overcapacity sometimes but infrastructure is not
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