Gazprom and Snam discuss avenues for cooperation

RELEASE

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Marco Alvera, Chief Executive Officer of Snam, took place in Moscow today.

Working meeting between Marco Alvera, Chief Executive Officer of Snam, and Alexey Miller in Moscow
Working meeting between Marco Alvera, Chief Executive Officer of Snam, and Alexey Miller in Moscow

Marco Alvera and Alexey Miller

The meeting participants noted that European countries needed new and reliable routes for gas imports amid declining indigenous production.

The parties discussed the avenues for cooperation, taking into account, inter alia, the progress of Gazprom’s TurkStream project. Marco Alvera informed Alexey Miller of Snam’s intention to facilitate the creation of new gas transmission routes in the Mediterranean.

Background

Italy’s Snam S.p.A. is the largest European infrastructure company engaged in the construction and integrated management of gas transmission facilities, as well as natural gas transportation, storage, regasification and marketing.

TurkStream is the project for an export gas pipeline stretching across the Black Sea from Russia to Turkey and further to Turkey's border with neighboring countries. The first string of the pipeline is intended for Turkish consumers, while the second string will deliver gas to Europe. Construction of TurkStream’s offshore section commenced on May 7, 2017.

In 2017, Gazprom delivered 23.8 billion cubic meters of gas to Italy.

Between March 1 and March 31, 2018, Russian gas exports to Italy totaled 2.12 billion cubic meters – an increase of 99 per cent, or 1.06 billion cubic meters, from March 2017 (1.07 billion cubic meters).

According to estimates, gas deliveries on April 1–3, 2018, showed growth of 7.5 per cent against the same period of 2017.

 

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