Snam — Regulatory Filings 2016

Dec 6, 2016

Informazione Regolamentata n. 0542-135-2016		Data/Ora Ricezione 06 Dicembre 2016 10:33:28	MTA
Societa'	:	SNAM
Identificativo Informazione Regolamentata	:	82515
Nome utilizzatore	:	SNAM01 - Palladino
Tipologia	:	IROS 13
Data/Ora Ricezione	:	06 Dicembre 2016 10:33:28
Data/Ora Inizio Diffusione presunta	:	06 Dicembre 2016 10:48:29
Oggetto	:	Snam and api Group sign a letter of intent for the development of methane service stations across Italy
Testo del comunicato

Vedi allegato.

Snam and api Group sign a letter of intent for the development of methane service stations across Italy

Rome, 6 December 2016 – Snam and api Group have signed a letter of intent to develop methane service stations across Italy, as part of a wider set of initiatives to promote sustainable mobility.

The letter of intent aims at establishing a cooperation to develop up to 150 new stations within api Group's IP commercial network, promoting the supply of alternative lowemission fuels such as natural gas. Methane eliminates particulate matter (PM), the most polluting element in urban areas, and ensures a 40% reduction of CO2 (carbon dioxide) compared with gasoline and diesel. It also ensures economic savings for users of between 40% and 50%.

The initiative is part of Snam's sustainable mobility development plan, which envisages a total investment of approximately 200 million euro over the next 5 years. Leveraging its extensive experience as an infrastructure operator and its presence throughout Italy, Snam aims to support the development of methane service stations and a more balanced distribution of filling stations in different regions across the country, thus improving the quality of customer service. Snam's commitment is in-line with the European DAFI Directive currently under transposition.

In this context, api Group's commercial network, which has 3,000 service stations across Italy and is the leading Italian private fuel company thanks to its IP brand, will identify the most suitable areas to develop new methane service stations, offering its customers a diversified range of fuels in an environmentally friendly commercial network with increasingly competitive prices.

With well-established and globally cutting edge technology, Italy is the leading European market for natural gas consumption for vehicles, with over 1 billion cubic meters consumed in 2015 and about 1 million vehicles currently in circulation. This agreement will give a further boost to Italy's natural gas value chain in the transport sector, which is globally recognized for its technological and environmental excellence, and is able to leverage Europe's largest, most accessible gas pipeline network, stretching more than 32,000 km.

For more information:

Snam Api Davide Sempio Francesco Luccisano +39 02 370377273 +39 3205795650

Head of Communication Head of External Relations ufficio.stampa@snam.it francesco.luccisano@gruppoapi.com