Fratelli Neri SPA is pleased to announce that, after an extensive screening and tendering process with primary market operators, it has entered into an agreement with OLT Offshore LNG Toscana S.p.A , the promoting company of the Offshore regasification project in Tuscany. The fact that Fratelli Neri is one of the Italian leaders in the management of marine services was a key element of the decision process. Fratelli Neri will draw on the expertise of both shareholders to manage this high profile project in Italian waters to the highest standards of reliability and safety in the industry. Operational Marine Services of the Terminal will be ensured by Fratelli Neri who has extensive know-how in LNG shipping operations and offshore oil terminal towage in general. Direct man power under this agreement will be about 50 specialized operators, without considering the employment that will be built up to follow the activities of the Terminal. Particular consideration has been paid to ensure respect of International and National Laws for LNG , the use of local resources and local man power, for which OLT Offshore LNG Toscana introduced an obligation. A second key element is the maximal and progressive involvement of Italian staff from day one, which is entrusted to Fratelli Neri. A robust Familiarization and Training program for the future operational staff will be initiated, ensuring a safe and efficient start-up employing experienced and trained personnel. The agreement includes a pre-operational phase for mobilization of resources and personnel, training & know- how transfer.