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SNMRY Snam SPA (PK)

9.13
-0.13 (-1.40%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Snam SPA (PK) USOTC:SNMRY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.13 -1.40% 9.13 9.10 9.14 9.16 9.06 9.12 37,698 21:08:02

Eni, Snam to Develop CCS Project in Italy Through Joint Venture

19/12/2022 12:06pm

Dow Jones News


Snam (PK) (USOTC:SNMRY)
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By Giulia Petroni

 

Eni SpA on Monday said that it will form a joint venture with gas grid operator Snam SpA to develop a carbon capture-and-storage project in Italy.

The oil-and-gas major said phase one of the project involves capturing 25,000 tons of carbon dioxide emitted from its natural-gas treatment plant in the Emilia Romagna region. The CO2 will then be piped to a platform and injected into a depleted gas field in Ravenna's offshore.

The agreement also includes the implementation of studies and preparatory activities for subsequent development phases, Eni said.

Financial details of the project weren't disclosed.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

(END) Dow Jones Newswires

December 19, 2022 06:51 ET (11:51 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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