OMV, Snam and TAG sign MoU for sustainable LNG mobility
OMV, Snam and TAG have signed a Memorandum of Understanding (MoU) for the collaboration in the field of sustainable LNG (LNG = Liquefied Natural Gas) mobility.
The agreement was signed by Rainer Seele, CEO of OMV Aktiengesellschaft, Marco Alverà, CEO of Snam S.p.A., as well as the Managing Directors of TAG GmbH, Daniele Gamba and Rudolf Starzer.
The MoU lays out the intention to jointly explore potential opportunities in the field of sustainable LNG mobility in Austria such as the construction of a small-scale LNG liquefaction plant, the framework for a later LNG supply agreement, and the development of a LNG market.
OMV CEO Rainer Seele: “We believe that the demand for LNG on the road will grow. 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”.
Snam CEO Marco Alverà: “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. Additionally, thanks to biomethane and bio-LNG, it is gradually becoming renewable, paving the way for further decarbonisation of transport.”
OMV produces and markets oil and gas, innovative energy and high-end petrochemical solutions – in a responsible way. With Group sales of EUR 23 bn and a workforce of more than 20,000 employees in 2018, OMV Aktiengesellschaft is one of Austria’s largest listed industrial companies. In Upstream, OMV has a strong base in Romania and Austria as part of the Central and Eastern Europe core region as well as a balanced international portfolio, with Russia, North Sea, Middle East and Africa as well as Asia-Pacific as further core regions. 2018 daily production stood at approximately 427,000 boe/d. In Downstream, OMV operates three refineries with a total annual processing capacity of 17.8 mn tons and more than 2,000 filling stations in ten countries. OMV runs gas storage facilities in Austria and Germany; its subsidiary Gas Connect Austria GmbH operates a gas pipeline network in Austria. In 2018, gas sales volumes amounted to around 114 TWh. Sustainability is an integral part of the corporate strategy. OMV is set to invest EUR 500 mn in innovative energy solutions by 2025.
Snam is Europe’s leading gas utility. Founded in 1941 as “Società Nazionale Metanodotti”, it has been building and managing sustainable and technologically advanced infrastructure to guarantee energy security for over 75 years. The company operates in Italy and, through subsidiaries, in Albania, Austria (TAG and GCA), France, Greece and the United Kingdom and has started activities in China. It has the largest gas transport network (about 32,600 km in Italy, over 41,000 including its international subsidiaries) and storage capacity (16.9 billion cubic meters in Italy, over 20 bcm including its international subsidiaries) in Europe. Snam manages the first liquefied natural gas (LNG) plant ever built in Italy and is a shareholder in Adriatic LNG, the country’s main terminal and one of the most strategically positioned in the Mediterranean, and – through DESFA – in the Greek Revithoussa terminal, for a total regasification capacity pro quota of about 6 bcm per year. As part of the company’s 2018-2022 industrial plan, the €850 mn “Snamtec” project was launched with the aim of leading the energy transition. The project focuses on technology, innovation and R&D to support both the major Italian and international networks and green economy businesses, such as sustainable transport, renewable gas, hydrogen and energy efficiency.
Trans Austria Gasleitung GmbH
Trans Austria Gasleitung GmbH is a transmission system operator in Austria headquartered in Vienna. The company employs 160 people at 8 locations in Vienna, Lower Austria, Styria and Carinthia. The TAG natural gas pipeline system connects Baumgarten in Austria with Tarvisio in Italy over a distance of 380 km and has an annual transport capacity to Italy of 30 billion cubic meters of natural gas. The TAG pipeline network consists of around 1,140 km of high-pressure natural gas pipelines from the Slovakian-Austrian to the Austrian-Italian border. Along the route in Austria, the natural gas pipeline also supplies natural gas for consumption in Lower Austria, Styria and Carinthia as well as natural gas for transport to Slovenia via the SOL pipeline. The shareholders of Trans Austria Gasleitung GmbH are the Italian company Snam S.p.A. with a share of 84.47 % and the Austrian Gas Connect Austria GmbH with a share of 15.53 %. The company is certified as an Independent Transmission Operator (ITO) by the Austrian regulatory authority Energie-Control Austria. At the European level, TAG GmbH is co-owner of PRISMA European Capacity Platform GmbH, the unified European platform for the allocation of transport capacities in natural gas pipelines, and a member of ENTSOG (European Network of Transmission System Operators for Gas).
For further information, please contact:
OMV Public Relations:
Andreas Rinofner, Tel.: +43 1 40440 21357, e-mail: email@example.com
OMV Investor Relations:
Florian Greger, Tel.: +43 1 40440 21600, e-mail: firstname.lastname@example.org
Tel.: +39 0237037273, e-mail: email@example.com
Snam Investor Relations:
Tel.: +39 37037898, e-mail: firstname.lastname@example.org
TAG Public Affairs:
Alexandra Vit-Sardelic, Tel.: +43 1 5975116 58092, e-mail: email@example.com