Eni and Snam commit to sustainable mobility: contract signed for 20 new natural gas and biomethane refuelling stations in Italy

Eni’s aim is to further strengthen its sustainable mobility offering with this initiative.

Rome/San Donato Milanese, 6 August 2018 - Eni and Snam, through its subsidiary Snam4Mobility, have signed a second contract implementing the framework agreement signed in May 2017, aimed at creating 20 new CNG (compressed natural gas) refuelling stations for vehicles in Italy, as part of both companies’ commitment to promoting sustainable mobility in the country.

The deal follows the contract signed a few months ago to create a group of 14 CNG stations, of which the first are due to open within the first quarter of 2019. Under the agreement, Snam will design, create and maintain 20 new CNG stations within Eni’s national distributor network. The investment for these activities is expected to be within the region of €10 million.

Natural gas is one of the best technologies available to help reduce emissions in mobility, with benefits in terms of air quality, as well as significant financial advantages for consumers. Mobility using natural gas is also becoming increasingly renewable through the gradual development of a biomethane supply chain that uses existing facilities.

The contract announced today is among many initiatives that Snam4Mobility is leading to promote sustainable mobility throughout Italy, to the benefit of both the environment and consumers. These initiatives are aimed at sector operators to support the development of natural gas and biomethane refuelling stations and their greater presence in the country’s various regions, which will also help improve the quality of supply to consumers.

Eni’s aim is to further strengthen its sustainable mobility offering with this initiative. Within Eni’s network of 4,400 stations, 3,500 supply Eni Diesel+, the premium diesel with a 15% renewable component made from vegetable oils (including used vegetable oils) at the Venice bio-refinery using proprietary technology, while around 1,000 stations supply LPG and methane (2 of which are LNG and 180 are CNG).

----------

Snam and Eni are related parties as the Italian Ministry of Economy and Finance exerts de facto control over Eni, by virtue of its participation in such company, and controls CDP S.p.A. which, in turn, exerts de facto control over Snam, pursuant to international accounting standard IFRS 10 – Consolidated Financial Statements.

For both companies the contract is an operation of lesser importance under Consob Regulation no. 17221 of 12 March 2010 and subsequent amendments ("Consob Regulation") and Procedures in this matter.

For Snam, the contract is among the exclusion cases provided for in art. 13 paragraph 3 letter c) of the Consob Regulation and its own Guideline, as an ordinary transaction and concluded at equivalent conditions to market or standard conditions.

Eni has applied its own Procedure, requiring an opinion from the Control and Risk Committee.

How does EnergIA work?

EnergIA (ener'dʒia) is a system based on Generative Artificial Intelligence. Thanks to this technology, we can respond to your requests by querying the most relevant content and documents available on eni.com. (Note: financial documents from the last 12 months and press releases from the last 2 years are considered.) Through EnergIA, you can delve into topics of interest and have a real-time window into the world of Eni.
If you wish to search for a specific document, press release or news, use the traditional search engine via the magnifying glass icon.

Like all systems that leverage Generative Artificial Intelligence, EnergIA may generate inaccurate or outdated responses. Always consult the sources that EnergIA proposes as the origin of the generated information.
If the system fails to find an exact match for the requested content, it still tends to provide a response.
If you find any inaccuracies in the provided response, please send us your feedback at the bottom of the page: it will be very helpful for us to improve.

Remember that the content generated by the system does not represent Eni’s official position. We therefore invite stakeholders to refer to their designated contacts for official statements: Press Office for journalists, Investor Relations for analysts and investors, Company Secretariat for shareholders etc..

EnergIA can understand questions posed in almost all languages, but we prefer to provide you with a response in English or Italian, the two languages available on eni.com. If you ask a question in Italian, the content on the site in Italian will be consulted. If you ask it in English or any other language, the content in English will be consulted. (Note: the language Eni uses for financial documents/content is predominantly English.)

If questions are formulated that violate the set security criteria, the system will not proceed with processing the response. Please remember not to send personal data.

By using this service, the users acknowledge that they have read and accepted the terms and conditions of use.

Eni and Snam commit to sustainable mobility: contract signed for 20 new natural gas and biomethane refuelling stations in Italy

Eni’s aim is to further strengthen its sustainable mobility offering with this initiative.

Media Relations

Investor Relations