Galsi and Snam Rete Gas confirm commitments to build new gas pipeline from Algeria to Italy via Sardinia

abarrelfullabarrelfull wrote on 15 Feb 2013 07:02

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Galsi and Snam Rete Gas today signed an agreement that confirms the mutual commitment to, and sets out the conditions for, the construction of the Italian section of the new pipeline importing gas from Algeria to Italy, via Sardinia.

In particular, the agreement signed today, which follows the Memorandum of Understanding of 7 November 2007 and lies in the framework of the subsequent inter-governmental agreement between Italy and Algeria signed on 14 November 2007, addresses the development, realization and start-up of the Italian section of the project. According to the agreement, Galsi will develop the engineering and obtain the main permits and authorisations required, and Snam Rete Gas will build the pipeline and subsequently manage the gas transport activities.

The agreement reached confirms the commitment of Galsi (41.6% Sonatrach, 20.8% Edison, 15.6% Enel, 10.4% Hera Trading, 11.6% Sardinia Region) and Snam Rete Gas to invest extensive resources in the construction of one of the biggest natural gas procurement projects in Italy’s history and one that represents, over and above the new technological challenge, the first step towards a methane supply for Sardinia, a region that currently does not have natural gas available.

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