Iren SpA (BIT:IRE) is considering selling its 49.1% stake in the country's second-biggest liquefied natural gas terminal and has been in touch with possible buyers, including gas infrastructure group Snam, sources said. Iren invested around €900 million ($1 billion) with Uniper in 2013 to build the OLT LNG terminal. One of the sources said Iren has until the end of September to take a decision on selling to First State.

A second source said there had been contacts about the asset with Snam S.p.A. (BIT:SRG). Iren and Snam declined to comment.