Photo: Image courtesy of OMV - Klaus Prokop

OMV, Snam, TAG partner up on LNG mobility

OMV, Snam and TAG have signed a memorandum of understanding 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, OMV said in its statement.

Rainer Seele, OMV’s chief executive officer said, “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.”

He called this a sufficient reason to get on with expanding the requisite infrastructure and supply.

Snam CEO Marco Alverà added that the cooperation with OMV and our associate TAG is aimed at boosting sustainable natural gas mobility in Austria.

“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. Gas is the most immediate solution for reducing pollution from fine dust and CO2 emissions from light and heavy transportation and also has great potential in maritime and rail transport,” he said.

Additionally, thanks to biomethane and bio-LNG, gradually becoming renewable, Alverà noted this is paving the way for further decarbonization of transport.