Snam confident to get EU priority status for hydrogen, carbon capture projects

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Italian gas group Snam logo is seen outside their office in Rome

Italian gas group Snam logo is seen outside their office in Rome, Italy, June 4, 2020. REUTERS/Guglielmo Mangiapane/File Photo Acquire Licensing Rights

RAVENNA, Italy, Nov 14 (Reuters) – Italy’s Snam (SRG.MI) is confident that two multi-billion-euro energy projects on hydrogen and carbon capture it is sponsoring will get the priority status from the European Commission, the gas grid operator chief executive said in Tuesday.

The two initiatives — a pipeline to bring hydrogen from southern Italy to Austria and Germany and a French-Italian plan to liquefy, transport and store carbon dioxide — are expected to qualify as EU’s Projects of Common Interest (PCI), Stefano Venier told a news conference.

Brussels is expected to publish its updated list of PCI projects by the end of this month.

Reporting by Francesca Landini, editing by Gianluca Semeraro

Our Standards: The Thomson Reuters Trust Principles.

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