Snam and SOCAR sign sustainable energy agreement

Snam and SOCAR have signed a cooperation agreement to study the development of renewable gases and use of sustainable energy, with a view to their delivery through the Southern Gas Corridor including Trans Adriatic Pipeline (TAP) in the future. Both companies own a 20% stake in TAP, and SOCAR is a major shareholder of the other Southern Gas Corridor projects.

The agreement was signed in Rome, Italy by the representatives of Snam and SOCAR, in the presence of Italy’s prime minister Giuseppe Conte and the president of the Republic of Azerbaijan Ilham Aliyev, during the Azerbaijani State visit to Italy.

The agreement between Snam and SOCAR involves collaboration in the areas relating to the energy transition and circular economy:

• Researching and promoting the use of biogas and biomethane, including the potential creation of anaerobic digestion plants. The expertise of Snam’s subsidiary, IES Biogas, can be applied for the design and construction of these plants. Snam and SOCAR plan to evaluate potential co-investment opportunities in this regard.
• Promoting sustainable mobility using compressed natural gas (CNG), liquefied natural gas (LNG) and hydrogen (H2), through the development of new distribution stations, potentially involving Snam’s subsidiary, Cubogas. There is also the possibility of launching partnerships with car manufacturers and developing the retrofit market.
• Studying the opportunities for developing hydrogen production and related infrastructure.

   

Read the article online at: https://www.energyglobal.com/other-renewables/21022020/snam-and-socar-sign-sustainable-energy-agreement/