Italian energy major, Snam has entered into cooperation agreements with leading Indian energy companies, particularly in hydrogen and low-carbon mobility sectors. The list of companies includes both private and public firms, with the agreements being announced against the backdrop of the virtual summit between the Prime Ministers of India, Narendra Modi, and of Italy, Giuseppe Conte.
Under its agreement with Adani, a leading Indian energy group, the partnership focuses on exploration of the hydrogen value chain in India and internationally, development of biogas and biomethane, and of low-carbon mobility. Moreover, Snam has signed a non-binding agreement with Adani Gas Limited, a joint venture company of Adani Group of India and Total of France, for a compressor facility. As part of this agreement the two companies will create a joint venture to set up a compressor-manufacturing facility in India, relying on the technology of Cubogas, a Snam4Mobility company.
In addition, Snam has signed an agreement with the Indian renewable energy major, Greenko, for collaborating on the development of the hydrogen value chain in India including the study of hydrogen production methods from renewables, design of hydrogen-ready infrastructure and on potential applications in both industry and transport (fuel cell mobility). Finally, Snam signed an MoU with state-owned Indian Oil for collaborating on energy transition and natural gas infrastructure initiatives.