Snam takes first step into India with hydrogen business
Snam has signed a series of deals involving hydrogen and low-carbon mobility projects in India. The company stated it had agreed to set up a partnership with India’s Adani to develop a hydrogen business and use biogas for low-carbon transport projects. The group also reached an agreement with state-owned Indian Oil to work on energy transition projects, including gas storage and regasification. The agreements were announced as part of a virtual summit between the prime ministers of Italy and India. Snam makes most of its revenue from gas transport in Italy and is now planning to invest on new green business.