EIB-Snam - €264 million agreement to integrate biomethane into Italy's gas network
Italy, July 28 -- The European Investment Bank (EIB) has approved a loan of up to €264 million to Snam, with the aim of facilitating the integration of biomethane production plants into Italy's energy infrastructure and promoting the transition to a more sustainable and diversified energy system.The first tranche of €140 million was signed in the presence of EIB Vice-President Gelsomina Vigliotti and Snam CEO Agostino Scornajenchi.This financing will enable the construction of 240 kilometres of new gas pipelines dedicated to connecting plants producing biomethane from renewable sources with the national gas transmission network. The new infrastructure will be able to transport up to 12 000 GWh of energy per year, equivalent to 1...
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