Galsi and Snam Rete Gas confirm commitments to build new gas pipeline from Algeria to Italy

Source: www.gulfoilandgas.com 9/30/2008, Location: Africa

Galsi and Snam Rete Gas signed an agreement that confirms the mutual commitment to, and sets out the conditions for, the construction of the Italian section of the new pipeline importing gas from Algeria to Italy, via Sardinia.

The Galsi project includes the international undersea section, from the Algerian coast to the south of Sardinia near Cagliari, and the Italian section comprising the overland section crossing Sardinia (to the Olbia area) and a new undersea section to Tuscany (near Piombino), where the pipeline will be connected to the Italian national transport network.

The pipeline will be approximately 900 kilometres in length overall, of which 600 km will be offshore and at a maximum depth of around 2800 metres between Algeria and Sardinia. The initial transport capacity will be 8 billion cubic metres a year.

In particular, the agreement signed today, which follows the Memorandum of Understanding of 7 November 2007 and lies in the framework of the subsequent inter-governmental agreement between Italy and Algeria signed on 14 November 2007, addresses the development, realization and start-up of the Italian section of the project. According to the agreement, Galsi will develop the engineering and obtain the main permits and authorisations required, and Snam Rete Gas will build the pipeline and subsequently manage the gas transport activities.

The agreement reached confirms the commitment of Galsi (41.6% Sonatrach, 20.8% Edison, 15.6% Enel, 10.4% Hera Trading, 11.6% Sardinia Region) and Snam Rete Gas to invest extensive resources in the construction of one of the biggest natural gas procurement projects in Italy’s history and one that represents, over and above the new technological challenge, the first step towards a methane supply for Sardinia, a region that currently does not have natural gas available.

This agreement represents another strategic stage in the process of opening up the gas market in Italy and in Europe, since it will allow the importation and sale of natural gas along a new route and allow new operators to embark on the Italian market.


Nigeria >>  6/27/2022 - The Ministry of Petroleum of the Republic of Niger is proud to announce that the country has reached a new milestone in the further opening of the nat...
Australia >>  6/20/2022 - Leading Australian energy infrastructure business, APA Group announced the execution of a 30-year Gas Transportation and Storage Agreement and a Devel...

United States >>  6/15/2022 - Sustainable aviation fuel (SAF) has been safely delivered to New York’s LaGuardia Airport through the Colonial and Buckeye pipeline systems – two esse...
United States >>  6/15/2022 - Sustainable aviation fuel (SAF) has been safely delivered to New York’s LaGuardia Airport through the Colonial and Buckeye pipeline systems – two esse...

Russia >>  6/14/2022 - The Gazprom Management Committee took note of the information about the progress of additional gas infrastructure expansion in the constituent entitie...
United States >>  6/6/2022 - Aemetis, Inc., a renewable natural gas and renewable fuels firm focused on products with a carbon intensity below zero, announced the completion of 20...

Related Categories: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 

Related Articles: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.