Austria: OMV, Snam and TAG sign MoU for sustainable LNG mobility

The agreement was signed by Rainer Seele, CEO of OMV Aktiengesellschaft, Marco Alverà, CEO of Snam S.p.A., as well as the Managing Directors of TAG GmbH, Daniele Gamba and Rudolf Starzer.

OMV, Snam and TAG have signed a Memorandum of Understanding (MoU) for the collaboration in the field of sustainable LNG mobility.

The MoU lays out the intention to jointly explore potential opportunities in the field of sustainable LNG mobility in Austria such as the construction of a small-scale LNG liquefaction plant, the framework for a later LNG supply agreement, and the development of a LNG market.

“We believe that the demand for LNG on the road will grow. Studies suggest that the number of LNG trucks will increase to 280,000 in Europe by 2030. Less CO2 and particulate emissions as well as less noise add up to environmentally sound goods transport," said OMV CEO Rainer Seele.

Downstream, OMV operates three refineries with a total annual processing capacity of 17.8 mn tons and more than 2,000 filling stations in ten countries.

“Our cooperation with OMV and our associate TAG is aimed at boosting sustainable natural gas mobility in Austria, building on an already successful experience. Italy has the largest number of both CNG (over 1,300) and LNG (over 50) distributors in Europe and Snam is investing to further strengthen the network for both cars and trucks," said Snam CEO Marco Alverà.