Italy, Spain consider joint gas pipeline project

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ROME, May 12 (Xinhua) — Italian vitality infrastructure firm Snam has signed an settlement with Spain’s vitality supplier Enagas to discover the development of an offshore gas pipeline between the 2 nations.

Snam, Europe’s main vitality pipeline operator, introduced the transfer as European nations are trying to find different gas suppliers as Russia-Ukraine tensions rise.

Russia has been a significant provider of gas to European states.

Connecting Italy to Spain is critical, provided that Spain has the biggest capability for re-gasifying liquefied pure gas (LNG) within the European Union (EU).

But the nation’s pipeline reference to a lot of the remainder of the EU is restricted due to the excessive Pyrenees Mountains that type the border between Spain and France.

The deal between Snam and Enagas would work round that drawback by laying the pipeline beneath the Mediterranean Sea.

“We are working to take the mandatory steps to contribute to safety and to assist the diversification of Italy’s vitality provide,” Stefano Venier, Snam’s chief govt, mentioned in an announcement.

For the primary quarter of 2022, Snam posted internet revenue development of three.8 p.c, reaching 325 million euros (337 million U.S. {dollars}).

The firm didn’t specify when the project can be launched.



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