Snam Signs Indian Gas, Hydrogen Pacts
Italian Snam has signed multiple agreements with Indian companies to develop hydrogen and natural gas markets in the south Asian country, it said on November 6.
The agreements were announced amid a virtual summit between Indian prime minister Narendra Modi and his Italian counterpart Giuseppe Conte.
Snam and Indian private entity Adani group have formed a partnership to explore the hydrogen value chain in India and internationally, as well as develop biogas and biomethane and look at low-carbon mobility.
Moreover, Snam signed a non-binding agreement with Adani Gas, a joint venture between Adani group and France's Total, to create a partnership for establishing a compressor manufacturing facility in India, using the technology of Cubogas, a Snam4Mobility company.
“The compressors will be installed in existing refuelling stations and in those under development. This would help in promoting the development of refuelling infrastructure for sustainable mobility and fostering the use of natural gas, as envisioned by the government of India,” Snam said.
Snam has also signed an agreement with Greenko, an Indian renewable company, to cooperate in developing the hydrogen value chain in India. Through the agreement, the two companies will study hydrogen production methods from renewables together, and collaborate in the design of hydrogen-ready infrastructure and on potential final applications in both industry and transport, including fuel cell mobility.
In addition, the Italian firm has signed a memorandum of understanding with state-owned Indian Oil, for possible joint initiatives in the energy transition and in the natural gas infrastructure value chain, particularly regarding storage and regasification.
“These agreements aim at promoting the growth of green hydrogen in India and other countries to help decarbonise industry and transport and at further developing natural gas and hydrogen mobility in a huge market,” Snam CEO Marco Alvera commented.
The agreements may be subject to subsequent binding agreements between the parties, Snam said.