Key events
in 2005
Growing Our Business
Edison – The Company Signs a Letter of Intent
to Import Natural Gas from Algeria
On March 7, 2005, Edison Spa and Sonatrach (the Algerian state oil company) signed a letter of intent covering the supply of up to four billion cubic meters of Algerian natural gas a year. The gas will be imported through the new Galsi pipeline that will link Algeria and the Italian mainland, via Sardinia.
The Candela power plant, the first completed facility of Edison's Industrial Plan, was inaugurated
on October 24, 2005.
Edison – Agreement to Build the Isola
di Porto Levante Offshore LNG Terminal near Rovigo
On May 2, 2005, Edison, Qatar Petroleum and ExxonMobil signed definitive agreements to cause the associated company Terminale GNL Adriatico Srl (formerly Edison LNG) to build the Isola di Porto Levante LNG receiving and regasification terminal off the coast of Italy in the northern Adriatic Sea.
The terminal, scheduled for startup by the end of 2007, will have a regasification capacity of 8 billion cubic meters a year.
This facility will be a strategic and reliable source of supply and will help meet Italy's growing demand for natural gas. The Isola di Porto Levante terminal has secured all of the primary permits for construction and operation from the appropriate Italian and EU agencies.
The contract for the construction of the platform, LNG storage tanks, LNG receiving equipment and regasification facilities has been awarded to Aker Kvaerner. Snamprogetti (ENI Group) has been selected to build a pipeline linking the terminal with the national transmission network. The terminal will be located about 15 kilometers from the Veneto coast and will stand in approximately 30 meters of water.
IGI Italy-Greece Natural Gas Pipeline – Italy's Minister of Production Activities and Greece's Minister of Development Sign an Agreement
During the year, there was significant progress in the development of the Italy-Greece Natural Gas Pipeline. First, a Protocol of Intent to build a natural gas pipeline linking Italy and Greece, which Edison is developing with DEPA, Greece's national natural gas company, was signed on June 24, 2005 in Athens. Then, at a meeting held in Lecce on November 4, 2005, which Mr. Güler, Turkey's Energy Minister also attended, Mr. Scajola Italy's

Minister of Production Activities, and Mr. Sioufas, Greece's Minister for Development, signed an Italy-Greece intra-government agreement that provides a key starting point for construction of this important infrastructure.
Thanks to the collaboration of Botas, Turkey's national gas company, the IGI pipeline will be connected to Turkey's pipeline network. As a result, the new pipeline will enable Italy to import natural gas from the Caspian Basin and the Middle East, where more than 20% of the world's reserves are located. The pipeline, which will connect the Italian, Greek and Turkish distribution networks, will have a transmission capacity of 8 billion cubic meters of natural gas a year. It will have a length of about 800 kilometers, 600 kilometers of which will be built by Depa in Greece. The remaining 200 kilometers will run under the sea between Greece and Apulia. The facility will have no impact on the environment, since nothing will be released into the atmosphere or the sea, and will have virtually no visual impact.
With the IGI pipeline, Italy will be able to diversify its natural gas supply sources while at the same time gaining reliability and competitiveness.
The IGI Project has already been reviewed by the European Union, which considers it one of five priority schemes for the development of a trans-European energy system and has
During the year, there was significant progress in the development of the Italy-Greece Natural Gas Pipeline. First, a Protocol of Intent to build a natural gas pipeline linking Italy and Greece, which Edison is developing with DEPA, Greece's national natural gas company, was signed on June 24, 2005 in Athens. Then, at a meeting held in Lecce on November 4, 2005, which Mr. Güler, Turkey's Energy Minister also attended, Mr. Scajola Italy's
Minister of Production Activities, and Mr. Sioufas, Greece's Minister for Development, signed an Italy-Greece intra-government agreement that provides a key starting point for construction of this important infrastructure.