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Italian Snam signs a MoU with Chinese SGID in Beijing

29 August 2018 , 16:06Neftegaz.RU469

Beijing, August 29 - Neftegaz.RU. Snam signed in China a MoU with State Grid International Development (SGID), 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.

 

Among the initiatives being explored are: the potential construction of biogas and biomethane plants for renewable electricity production in rural areas of China. Snam would contribute by sharing its know-how in the field. Also, possible partnership opportunities in research and development on renewable gas, sustainable mobility and joint electricity-gas projects.

 

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 2 other countries in which SGID operates, Australia and Portugal.

 

«We are very happy – comments Snam CEO Marco Alverà – 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».

 

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