TAG, OMV and Snam sign LNG Collaboration

Agreeing to collaborate in the field of sustainable Liquefied Natural Gas (LNG) mobility; TAG, OMV and Snam have signed a Memorandum of Understanding (MoU). The purpose of the agreement is to collectively explore possible opportunities such as a small-scale LNG liquefaction plant in Austria, development of an LNG market, and the framework for a later LNG supply agreement.

 “Our cooperation with OMV and our associate TAG is aimed at boosting sustainable natural gas mobility in Austria, building on an already successful experience. Italy has the largest number of both CNG (over 1,300) and LNG (over 50) distributors in Europe and Snam is investing to further strengthen the network for both cars and trucks. Gas is the most immediate solution for reducing pollution from fine dust and CO2 emissions from light and heavy transportation and also has great potential in maritime and rail transport.”, Snam CEO Marco Alverà stated.

The CEO of OMV, Rainer Seele said, “Studies suggest that the number of LNG trucks will increase to 280,000 in Europe by 2030. Less CO2 and particulate emissions as well as less noise add up to environmentally sound goods transport. This is why we should get on with expanding the requisite infrastructure and supply”.

Marco Alverà, CEO of Snam S.p.A., Rainer Seele, CEO of OMV Aktiengesellschaft, and the Managing Directors of TAG GmbH, Daniele Gamba and Rudolf Starzer signed the agreement.