BEIJING, China, 28-Aug-2018 — /EuropaWire/ — Snam signed a memorandum of understanding today with State Grid International Development (SGID), wholly-owned by State Grid Corporation of China, the world’s largest energy utility, to examine a range of possible opportunities for collaboration, both in China and internationally, with a focus on the use of new technologies to reduce CO2 emissions.
The memorandum was signed today at the Italian Embassy in Beijing, as part of the Ministry of Economy and Finance’s mission in China and in the presence of minister Giovanni Tria and of the CEO of Cassa depositi e prestiti Fabrizio Palermo, by Marco Alverà, Snam CEO, and Hu Yuhai, Chairman of SGID.
Among the initiatives being explored are:
As part of the agreement, the companies will also look at the possibility of collaborating on the maintenance and optimization of both the transportation network and natural gas storage sites in two other countries in which SGID operates, Australia and Portugal.
“This initiative – comments Snam CEO Marco Alverà – confirms Snam’s and Italy’s leadership in the energy sector, particularly in the development of new renewable sources such as biomethane and in innovation in the field of environmental sustainability. We are very happy to work with a leading company like SGID. Snam is ready to make available its experience, its expertise and its people to make a contribution to China’s energy transition, which is aiming decisively towards greater environmental sustainability by increasing the share of gas in its energy mix”.
CONTACTS
Salvatore Ricco
Head of Communications
salvatore.ricco@snam.it
Ph. +39 02.3703.9505
Press office
Ph. secretary: +39 02.3703.9374
Fax: +39 02.3703.9227
Email: ufficio.stampa@snam.it
Piazza Santa Barbara, 7
20097 San Donato Milanese (MI) Italy
SOURCE: Snam SPA
(IN BRIEF) The Australian Government has granted feasibility licences to Ørsted for its first offshore…
(IN BRIEF) Wood, a prominent consulting and engineering firm, has secured a new 23-month contract…
(IN BRIEF) NatWest Group and the Federation of Small Businesses (FSB) have joined forces to…
(IN BRIEF) Garanti BBVA International, a subsidiary of Garanti BBVA known for its sustainable financing…
(IN BRIEF) Britt Meelby Jensen, the CEO of Ambu A/S, is nominated to join the…
(IN BRIEF) The latest EY CEO Outlook Pulse survey reveals a nuanced perspective among CEOs,…