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Snam & Silk Road Fund Sign A Memorandum of Understanding

Source: www.gulfoilandgas.com 3/23/2019, Location: Asia

Cassa depositi e prestiti Spa (CDP), Snam Spa (Snam) and Silk Road Fund Co., Ltd (SRF) have signed a memorandum of understanding (MoU) aiming at exploring and evaluating common business opportunities.

The MoU – signed by Fabrizio Palermo, Chief Executive Officer of Cassa depositi e prestiti, Marco Alverà, Chief Executive Officer of Snam, and Wang Yanzhi, President of Silk Road Fund – intends to identify areas of common interest to potentially develop joint initiatives primarily in China and Italy, as well as in other countries and regions.

Under the MoU, CDP and SRF will facilitate cooperation by focusing on the potential investment opportunities in the following sectors: financial services, agriculture, food, technology, manufacturing, infrastructure and transportation, energy and white economy (healthcare and personal care assistance).

Snam and SRF will consider possible collaboration initiatives in the area of natural gas infrastructure (pipelines, storage facilities, LNG infrastructure and biomethane plants) in support of the growth of the natural gas and biomethane sectors in China from a decarbonisation perspective.

CDP, in its capacity as a national promotional institution, will be able to consider the possibility of co-financing initiatives that are consistent with its mission also in the fields of energy and sustainability.

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