One of the world's leading energy infrastructure companies, Snam, and a state-owned energy firm of the Republic of Azerbaijan, SOCAR, have signed a cooperation agreement to research the development of renewable gases and the use of sustainable energy.
The two companies signed the agreement to deliver renewable gas through the Southern Gas Corridor including Trans Adriatic Pipeline (TAP) in the future. Both companies own a 20% stake in TAP and SOCAR is a major shareholder of other Southern Gas Corridor projects.
The agreement, signed on 20 February in Rome by representatives of Snam and SOCAR, involves collaboration in areas relating to energy transition and the circular economy, including researching and promoting the use of biogas and biomethane. The firms will also look into the potential of building anaerobic digestion (AD) facilities. According to a statement by Snam, the expertise of its subsidiary, IES Biogas, could be applied in the design and construction of the AD plants. Snam and SOCAR plant to evaluate potential co-investment opportunities in this area.
Additionally, the agreement includes promoting sustainable mobility by using compressed natural gas, liquefied natural gas and hydrogen. Snam's CEO Marco Alverà said: "Through this project, Snam and SOCAR aim to contribute to the energy transition and circular economy in Azerbaijan, strengthening collaboration between our two countries.
"Furthermore, the development of biomethane and hydrogen could offer new opportunities for the delivery of renewable gases through the Southern Gas Corridor and the TAP pipeline, thereby improving environmental sustainability alongside security and flexibility of supply."
"SOCAR has been taking significant steps in its operations to minimise negative impacts on the environment," said Rovnag Abdullayev, SOCAR's president. "The cooperation agreement signed today is an important step towards sustainability in the energy industry, aimed at the development of a greener economy and to curb global warming, in order to sustain life and prosperity."